Local government pension scheme funds for England 2009 to 2010
Details of the Local Government Pension Scheme in England in 2009 to 2010 were announced on 13 October 2010.
Applies to England
Documents
Details
The latest statistics release includes data from 2005-06 to 2009-10 and updates those statistics previously released on 15 October 2009.
The key points from the latest release are:
- Local Government Pension Scheme expenditure on benefits in 2009-10 was £6.3 billion, compared with £5.6 billion in 2008-09, an increase of 13 per cent.
- Income from employees’ contributions to the Local Government Pension Scheme in 2009-10 was £2.0 billion, an increase of 3 per cent on 2008-09. Income from employers’ contributions to the scheme rose by 7 per cent to £5.8 billion in the same period.
- Income from investments fell by 10 per cent in 2009-10 to £2.6 billion. This follows a fall of 9 per cent in 2008-09.
- The market value of the funds at end of March 2010 was £132 billion. This represents an decrease of 17 per cent on March 2006 and and increase of 10 per cent on March 2008.
- There were nearly 1.7 million employees in the Local Government Pension Scheme at the end of March 2010, almost no change on March 2009.
- The number of former employees entitled to deferred benefits rose to 1.2 million in 2009-10, an increase of 46 per cent over 2005-06. Over the same period the number of pensioners has increased by 16 per cent. The number of former employees entitled to deferred benefits exceeds the number of pensioners.