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Annual report 2022-23 available now
Our 2022/2023 Annual Report is now available. The Annual Report documents the important issues affecting the fund over the previous financial year, together with full details about our financial and a…
Pensions Board Scheme Member Representative vacancy
What is the Pensions Board?   The role of the local Pensions Board is to assist the fund to secure compliance with the LGPS regulations and help to ensure efficient governance and administration of t…
Autumn 2023 InTouch - available now
We're pleased to announce that we've published the Autumn 2023 edition of our retired member's InTouch newsletter.  Some of the topics in the latest issue include: The McCloud judgement Vacancy f…
Thank you for attending our Pensions Tax Webinar
We hope that you enjoyed the session and learned more about how tax can affect your pension.  If you were unable to attend, or if you would like to see the slides from the presentation, these are now…
Pay your pension some attention! 2023 Campaign
The Pensions and Lifetime Savings Association (PLSA) and Association of British Insurers (ABI) are running a three-year campaign to make pensions a talking point and encourage people to appreciate the…
Local Government’s financial position and your LGPS pension
How can I know my pension is safe? We understand that members may be concerned about the current financial position of local authorities. Local Government Pension Scheme (LGPS) members can be sure th…
Pensions Tax Webinar 2023
Want to find out more about Pensions Tax? Mercers will be running a Pensions Tax Webinar on behalf of the Shropshire County Pension Fund.  As you may be aware, some members of the Local Government Pe…
Pension Awareness Week 2023 – Monday 11th – Friday 15th September
With many of us facing financial difficulty due to the Cost-of-Living Crisis, it could not be more important for people to understand their finances. Pension Awareness Week aims to make the topic much…
Annual benefit statements 2023
Your 2023 annual benefit statement is ready.  Your statement shows the value of your Local Government Pension Scheme (LGPS) pension benefits as of 10 April 2023 and includes any pensions increases…
Early retirement reductions changes 2023
The Government has recently reviewed the early retirement factors. The new factors are lower which means the reduction to your pension is less. The new factors apply to retirements from 3 July 2023. …
Deferred annual benefit statements 2023
Your 2023 annual benefit statement is ready. Your statement shows the value of your Local Government Pension Scheme (LGPS) pension benefits as of 10 April 2023 and includes any pensions increases app…
Cost-of-Living support guide now available
During this difficult economic period, pension savers are facing heightened financial pressures. As a membership body for pension schemes, the PLSA has developed a resource, 'Supporting Savers Thro…
Introducing our new Digital Assistant
To support our members in finding out about their LGPS pension, we’ve introduced a new Digital Assistant feature to our website.  If you’ve any queries about your pension, the Digital Assistant is he…
One in four at risk of pension scams
One in four savers could be at risk of a pension scam, recent analysis has found. A HelpandAdvice.co.uk study has revealed that a quarter of the 1,562 respondents of their Pension Scam Assessment had…
Employers in surplus
The amount your employer contributes to your pension will have changed recently as a result of the Valuation, which takes place once every three years.  The valuation is required under Regulation 62…
Annual allowance and lifetime allowance changes
Changes to pensions tax limits were announced in the Chancellor’s Spring budget on 15 March 2023. They affect the two main allowances for pension savings – a lifetime allowance and an annual allowanc…
Investments page live on our website
The primary objective of the fund is to provide pension for scheme members and their dependents, on a defined benefits basis. These pages contain information on the role of the fund's investments in m…
Temporary suspension of CETV calculations
The Government has recently made changes to certain factors used in transfer calculations which means we need to temporarily suspend providing some calculations. This will affect requests to transfer…
2022 valuation report - available now!
Our actuary reviews and amends employer contribution rates every three years. When the actuarial valuation has been completed, the actuary prepares a valuation report. This is available to view now.  …
Spring 2023 InTouch - available now
We're pleased to announce that we've published the Spring 2023 edition of our retired member's InTouch newsletter.  Some of the topics in the latest issue include: Pensions increase Your P60 expl…
Employee contribution bands 2023/2024
Below are the employee contribution bands effective from 1 April 2023. These are calculated by increasing the 2022/23 employee contribution bands by the September 2022 CPI figure of 10.1 per cent and…
Received a letter about a refund?
We are currently in the process of contacting members who have left the scheme without claiming a refund of their contributions. These letters contain the figure that members are entitled to claim bac…
New climate risk report published
The fund is committed to addressing the issue of climate change and improving transparency in this area. To this end we are publishing our Climate Risk Report for November 2022 and will look to publis…
Annual report 2021/2022 now available to view online
Our 2021/2022 Annual Report is now available. The Annual Report documents the important issues affecting the fund over the previous financial year, together with full details about our financial and a…
Autumn 2022 issue of InTouch - now available!
The Autumn 2022 issue of our InTouch magazine is now available for you to read! Catch up on the latest news updates, including: Valuation Pension Board report 2021/2022 Cost of living crisis h…
Pension Awareness week 31st October to 4th November
The past year we at Shropshire County Pension Fund have seen an enormous increase in engagement from our active members on our online portal and through calls and emails to our helpdesk. It’s becomi…
50/50 scheme
Did you know the LGPS offers members the flexibility to pay half their normal contribution rate and build up half their normal pension? This is called the 50/50 section of the LGPS and can be a really…
Pay your pension some attention!
New track calls on Britain to 'Pay Your Pension Some Attention' Grime artist and TV cook, Big Zuu, has produced a new track and accompanying video calling on people to ‘Pay Your Pension Some Attent…
How to update your personal Information using ‘My Pension Online’
Moving house? Changing bank? Want to update your expression of wish?  You can change or update your personal information by logging into 'My Pension Online’. If you would like help registering for you…
Active member annual benefit statements ready
Your active member annual benefit statement shows the value of your Local Government Pension Scheme (LGPS) pension benefits as at 31st March 2022.  To help you understand your statement, guidance not…
LGA updates the Brief Scheme Guide
We’ve recently published our updated Brief Scheme Guide in line with changes from the Local Government Association (LGA). You can find the latest version under Related Documents. The most significant…
Deferred member annual benefit statements ready
Your deferred member annual benefit statement shows the value of your Local Government Pension Scheme (LGPS) pension benefits as at 11 April 2022 and includes pensions increases applied since you left…
Thinking about opting out of the LGPS?
We understand that because of various reasons such as disruption to household income following the pandemic and rising energy bills, some of our members may be thinking about opting out of the scheme.…
New Global Sustainable Equities Active Fund Launched by LGPS Central
LGPS Central have announced the successful launch of its £1 billion Global Sustainable Equities Active Fund with four local authority Partners investing at launch. The fund consists of three themed…
InTouch Spring 2022 now online
The Spring 2022 issue of our InTouch magazine is now available! You can read our latest news updates, including: Your P60 Explained Shropshire County Pension Fund to target net zero emissions …
Update on Russian conflict
Shropshire County Pension Fund has no direct exposure to Russia and is continually monitoring the situation. The Pension Committee at it's meeting on 18 March 2022 supported the below statement from L…
We’re committed to combating pension scams
Shropshire County Pension Fund has now self-certified itself as meeting the standards of the Pensions Regulator’s pledge to combat pension scams. Pension scams are on the rise, with many criminals se…
Shropshire County Pension Fund to target net zero emissions by 2050 or sooner
At the Shropshire County Pension Fund (“the Fund”) Committee meeting on Monday 17 January 2022 Pension Committee Members agreed that the fund would target net zero emissions by 2050 or sooner. Counci…
Annual report 2020/2021 now available
Our 2020/2021 Annual Report is now available. The Annual Report documents the important issues affecting the fund over the previous financial year, together with full details about our financial and a…
Annual report 2020/2021 delay
Unfortunately this year there is a delay outside of our control which has meant that we cannot publish our 2020/2021 Annual Report by the deadline of 1st December. We would like to thank you for being…
GMP equalisation
‘Guaranteed minimum pension (GMP) equalisation’ is about a court ruling from October 2018, that pension schemes need to ‘equalise’ the GMP benefits of men and women. These are currently linked to the…
InTouch Autumn 2021 now online
The Autumn 2021 issue of our InTouch magazine is now available! You can read our latest news updates, including: Pension Board update Responsible investment Our pledge to help protect members…
Have you signed up for 'My Pension Online'? It’s now easier than ever.
We’ve recently made some updates to our ‘My Pension Online’ system. Regular users may have spotted that the log in page has now changed. We’re hoping the new changes will make it easier for you to si…
Our pledge to help protect you from scams
Shropshire County Pension Fund has signed up to the Pensions Regulator’s pledge to combat pension scams. Pension scams are on the rise, with many criminals seeking to take advantage of the uncertai…
Our approach to responsible investment – where to find out more
We take responsible investment very seriously. We know this is something our members want to know more about, and we wanted to let you know where you can find more information about what the fund’s do…
Your 2021 annual benefit statement is ready
Your 2021 annual benefit statement is ready. This is an important document and is available on 'My Pension Online'. Your statement shows the value of your Local Government Pension Scheme (LGPS) pensi…
Important Update for Prudential AVC members
We have been contacted by Prudential who've let us know that members who pay Additional Voluntary Contributions (AVCs) might be experiencing some delays in the processing of investments, claims and re…
Exit cap payment
On 12 February 2021, HM Treasury [HMT] published the Exit Payment Cap Directions 2021 which disapply regulations 3, 9 and 12 of the Restriction of Public Sector Exit Payment Regulations 2020 with imme…
Your 2020/2021 P60 is available now
We've uploaded your P60 certificate for the 2020/2021 financial year to 'My Pensions Online'. Your P60 tells you about your pension and tax information over the past year. We recently let you know th…
2021/22 contribution bandings table
The contribution bandings table for active members is updated every year, effective from 1 April. The 2021/22 table can be found on this page. The rate of contributions you will pay is based on how m…
April 2021 pensions increase confirmed
In April 2021, Local government pensions will increase by 0.5%. The statement made by Government confirms that the increase will apply to CARE accounts for active members from the 1 April 2021 and to…
£95k Exit Payment Cap no longer in place
In a surprising development on Friday 12th February 2021 , the government issued the Exit Payment Cap Directions 2021 which disapply parts of the Restriction of Public Sector Exit Payments Regulations…
Applications for two additional Pension Board members are now open
Applications for two additional Pension Board members are now open The Local Government Pension Scheme (LGPS) is one of the largest defined benefit (DB) schemes in the world and is the largest DB sch…
Shropshire County Pension Fund reveals its carbon footprint
Shropshire County Pension Fund has become one of the first in the country to report on the carbon footprint of its £2 billion investment portfolio. Shropshire County Pension Fund has published its Cli…
Annual report 2019/20 now available
The fund's Annual Report & Accounts 2019/20 highlights the important issues affecting the fund over the previous financial year, together with full details about our administration performance. Th…
Autumn 2020 InTouch newsletter
We hope this newspost finds you well in what has been a very strange year. We want to reassure you that the pensions team continues to work their normal working hours from home and that your pension p…
Updated policy- member and employer comments welcome
The fund will soon be looking for a new scheme member and employer representatives to sit on the Pensions Board and also increasing how often meetings take place. The role of the Pension Board is to h…
New regulations in place from the 4 November 2020 that CAP Public Sector Exit Payments at £95k
Background On 10 April 2019, HM Treasury (HMT) opened a consultation on draft regulations, directions and guidance to bring in a £95k exit payment cap on Public Sector Exit Payments. This included pr…
My Pension Online calculators- important update
The ‘Redundancy Retirement’ calculator is not available due to the proposed changes to the LGPS regulations affecting the automatic entitlement to unreduced pension benefits for members over age 55 wh…
Open consultation on reforming local government exit pay
Proposed changes to the LGPS regulations have been announced. These changes affect the automatic entitlement to unreduced pension benefits for members over age 55 who leave the scheme because of redun…
Annual Benefit Statements 2020 now available
Are you currently paying in to the LGPS? If so, log in to ‘My Pension Online’ to see your 2020 annual benefit statement today!  Your statement is an estimate of your LGPS benefits based on your pay a…
Your deferred annual benefit statement for 2020 is now available online
If you're a registered user of Shropshire County Pension Fund's 'My Pension Online', you can now view your 2020 deferred annual benefit statement. Your statement shows the value of your Local Governm…
Be ScamSmart with your pension- Don’t let a scammer enjoy your retirement
The Pensions Regulator (TPR) has relaunched their ScamSmart campaign to make pension scheme members more aware of scams during the Covid-19 pandemic. It’s important that you don’t make any hasty decis…
Update on AVCs: The impact of Covid-19 on AVCs
Members with an additional voluntary contribution (AVC), may see their AVC fund value decrease due to the impact the Covid-19 pandemic has had on the stock markets. Depending on where your plan is inv…
Covid-19 service changes
Since our last service update on 20th March, we continue to keep our service running smoothly with all members of the team continuing to work from home. All drop-ins and one-to-one appointments at th…
Covid-19 – consider your options before opting out of the scheme
We understand that because of the uncertainty around employment and disruption to household income due to Covid-19 some of our members will be thinking about opting out of the scheme. We want to remi…
Thinking of requesting a transfer?
We know that some of our scheme members might be thinking about transferring their pension benefits due to the current financial uncertainty around investments. If this applies to you, or you’re think…
Spring 2020 InTouch
You'll be happy to know that we've published the Spring 2020 edition of our retired member's InTouch newsletter. You can view it online on our Keeping in touch webpage.  Some topics this Spring inc…
View your pension payslips online
You should be receiving your P60 in the post next week. You'll notice that your April payslip hasn't been included this year with your P60 document. This is because it’s available to view in the pays…
Feedback form
At Shropshire County Pension Fund we value your feedback and use this to improve the services we provide. Please take a moment to fill in our feedback form. The link can be found under Related L…
McCloud update
Last year the Government confirmed that the McCloud judgement applies to all public service pension schemes. You can read more on our previous newspost. We must remind you that you don’t need to make…
Letters from Target- Third mail drop
The fund is currently working with a company called Target to update address information for scheme members we've lost contact with.  Target have recently sent out letters for the third part of the t…
Covid-19: Pension scams
With the recent Coronavirus outbreak, pensions scams have been on the increase. Scammers are taking advantage of the uncertainty caused by the virus and are using this as an opportunity to target the…
Coronavirus frequently asked questions and service update
We want to let you know that despite recent disruption due to the coronavirus situation, we're doing all we can to keep our services running smoothly and to manage the situation. In line with governm…
Letters from Target- Second mail drop
The fund is currently working with a company called Target to update address information for scheme members we've lost contact with.  Target have recently sent out letters for the second part of the…
Local government pensions to increase by 1.7%
We can now confirm that the 2020 Pensions Increase will be 1.7%. This increase is worked out in line with September 2019’s consumer price index (CPI). The Shropshire County Pension Fund, like all pub…
Update for our members- coronavirus/ Covid-19
We want to let you know that despite the current disruption due to the coronavirus, we're doing all we can to keep our service running smoothly and to manage the situation for you. We are following t…
Letters from Target
The fund is working with a company called Target to update address information for scheme members we've lost contact with.  Target have recently sent out letters on our behalf to some of our member…
Annual meeting 2019 video now online
The Shropshire County Pension Fund annual meeting took place on 28th November 2019 in the Council Chamber at the Shirehall. You can now watch the video of the meeting on the annual meeting web page.…
GMP reconciliation update for retired members
On page 10 of the Autumn edition of InTouch we told our retired members that an exercise is currently taking place to reconcile the Guaranteed Minimum Pension (GMP) information we hold for them. As p…
Pensions made simple: member videos
The ‘Pensions Made Simple’ member videos created in collaboration with the Local Government Association, are now available to view on our website. There are seven short videos in total which cover a…
Annual Meeting 2019
When: 28th November 2019, 11am until 1pm Where: The Council Chamber, The Shirehall, Shrewsbury, SY2 6ND This year's annual meeting is just around the corner, so if you haven't already, book your pla…
InTouch Autumn 2019 now online
The latest version of our InTouch magazine is now available to view online! You can read important updates about: the 2019 valuation the exit payment cap  GMP reconciliation  the McCloud cour…
Annual benefit statement 2019 - have you checked yours?
Do you know how much your LGPS pension is currently worth? If you're a registered user of Shropshire County Pension Fund's 'My Pension Online' service, log in to view your statement and see how your p…
McCloud judgement
Back in January, the Scheme Advisory Board (SAB) paused the cost management process due to uncertainty surrounding an on-going court case, known as the McCloud and Sergeant case.  The case concerns t…
Summer 2019 Pension Update newsletter
Members contributing to the Local Government Pension Scheme (LGPS) can now view the latest newsletter from the fund.  Please click the link under 'Related Links' or the image above to view the Summ…
Annual Benefit Statements - Available now!
If you're a registered user of Shropshire County Pension Fund's 'My Pension Online' service, you can now view your 2019 annual benefit statement. We've produced some guidance notes which can help y…
Annual report for 2018/2019 published
The Fund's Annual Report & Accounts highlight the important issues affecting the Fund over the previous twelve months, together with full details about it's administration performance. Follow the…
Deferred annual benefit statement 2019 now available online!
If you're a registered user of Shropshire County Pension Fund's 'My Pension Online', you can now view your 2019 deferred annual benefit statement. Your deferred annual benefit statement shows the val…
Thinking of dropping in?
If you wish to hand in forms or certificates, we run a drop-in service between 8.45am and 5pm Monday to Thursday at the Shirehall. If you want to discuss your pension with a member of the pensions tea…
Prudential update
Prudential have released some important information regarding their UK property fund. Members who are affected by these updates will be contacted by Prudential directly.  You can find more informatio…
Update on the exit payment cap
In May 2015 the government announced that they planned to cap exit payments for public sector workers. They proposed a cap of £95,000 which would apply to all types of payments relating to individuals…
Bank holiday Monday
Our office will be closed for the bank holiday on Monday 27th May. Any queries should be sent to pensions@shropshire.gov.uk and will be dealt with on our return.
P60, April payslip, and InTouch newsletter
Soon we’ll be posting P60 certificates to our retired members who were receiving a pension from us in the 2018/2019 financial year. The P60 will show your pension and income tax details in 2018/2019. …
Have you been re-enrolled into the scheme by your employer?
If you opt out or join the 50/50 section of the Local Government Pension Scheme (LGPS), your employer must automatically re-enrol you back into the main section of the scheme around every three years.…
2019 Pensions Increase
The Pensions Increase (Review) Order 2019 was laid before Parliament on 14 March 2019.  We can now confirm that the 2019 Pensions Increase will be 2.4%.  The increase comes into force on 8 April…
Regulation updates
The LGPS (Miscellaneous Amendment) Regulations 2018 came into force on 10 January 2019. The main changes resulting from these amendment regulations are: A technical amendment now allows early acce…
Ban on pensions cold calling
A long-awaited ban on pensions cold calling came into force on Wednesday 9th January 2019. The ban is now a law under the Electronic Communications (Amendments) (No.2) Regulations 2018. Companies brea…
Payslips now on 'My Pension Online'
From December 2018, your payslips are available through the 'My Pension Online' system. This new system gives you more options to update your personal details online. If you haven't yet registered for…
Do you work for North Shropshire College?
If you’re an employee at North Shropshire College you should be aware that the college merged into Hereford & Ludlow College on 1 November 2018. From this date you became an active member of Worce…
New tax PAYE reference number
We recently changed our payroll system and because of this we have a new tax PAYE reference number. Our new PAYE reference number is: 120/MB85277 (it used to be 671/S10). You will need this new refe…
Changes to factors used in pension calculations
Following the October 2018 Budget some changes need to be made to the factors we use in pension calculations. These include transfers in and out of the fund, divorce quotes and early retirement calcul…
We’re moving to a new payroll system!
From October 2018, your pension will be paid using a different payroll system. During this change, we’re hoping you won’t notice too much of a difference. The pension you get will stay the same and yo…
Active Members – View Your Annual Benefit Statement Today!
Are you an active member of the Local Government Pension Scheme (LGPS)? If so, your Annual Benefit Statement is ready and waiting for you! You can view your statement in three simple steps: Visit…
Equitable Life AVC Policyholder News
We have received communication recently that Equitable Life have made proposals to transfer all of their AVC policies to Reliance Life. Reliance Life is part of Life Company Solidation Group, a speci…
Deferred annual benefit statements now available!
Your deferred annual benefit statement shows the value of your pension benefits as at 9th April 2018, including any Pensions Increase awarded since you left. Please read your statement carefully. Acc…
News for deferred members reaching age 55 on or after 14 May 2018
Following the introduction of the Local Government Pension Scheme (Amendment) Regulations 2018, most deferred members of the LGPS can now take their benefits from age 55, subject to early retirement r…
Landmark ruling for cohabiting partners - Elmes v Essex
A recent High Court judgement removed the requirement for members of the Local Government Pension Scheme (LGPS) to nominate their cohabiting partner to receive a survivor’s pension in the event of the…
Your information and how it is kept safe
As you may have heard, new standards of data protection regulations come into force on 25 May 2018 called the General Data Protection Regulations (GDPR). The aim of these new regulations is to reinfor…