Employers - Public Sector
You are working in a very challenging environment and, like any other employer, will want to limit the costs, risk and time spent on pension issues. You are likely to be heavily involved in outsourcing services and will wish to ensure that you protect your pension risks. You are under constant pressure to reduce costs within the narrow constraints of pension schemes set up under regulation, while balancing the need to preserve good employee relations.
Our advice to public sector clients, which includes local authorities and educational institutions, covers:
- drafting and reviewing third party agreements such as administration and investment management agreements
- drafting and reviewing employee literature and communications to members
- changes in legislation and best practice
- establishing passport schemes for private sector employers
- obligations and implications of pensions outsourcing
- entry and exit terms for local government pension schemes
- bonds on joining the local government pension scheme
- investment issues for local government schemes
- ill-health queries
- pensions on redundancy
- compliance with the regulations governing public sector schemes
- admission agreements
- alternative pension arrangements