Local authority pension schemes urged to adopt Dutch model
The UK’s Local Government Pension Scheme (LGPS) has been urged to learn from the experience of Dutch occupational pension schemes and become politically independent, with minimum funding requirements, inter-generational risk sharing and conditional indexation in order to ensure its long-term sustainability, despite serious questions over the feasibility of doing so.
Speaking at a symposium on the future of the LGPS in London in late February, Anthony Mayer, chairman of the £3.2 billion London
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