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ARTICLE · 29 JUNE 2021

Exit Credits In The Local Government Pension Scheme - Key Points To Note

Gowling WLG
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The High Court has considered an important case relating to retrospective amendments to the statutory exit credit mechanism in the Local Government Pension Scheme (LGPS)...

United KingdomEmployment and HR

The High Court has considered an important case relating to retrospective amendments to the statutory exit credit mechanism in the Local Government Pension Scheme (LGPS),see R on the application of Enterprise Managed Service Ltd & Amey PLC and the Secretary of State for the Ministry of Housing, Communities and Local Government and others [2021] EWHC 1426 (27 May 2021, Queen's Bench division, Administrative Court).

The retrospective amendment was found by the High Court to be justified for reasons of public interest. The decision also provides helpful commentary on how the discretion to award an exit credit should be approached.

In this article, our pensions experts take a look at the case and discuss what employers exiting the LGPS need to know.

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