Pension gaps
The City of London Corporation has rejected a proposal to include councillors' allowances in the Local Government Pension Scheme, impacting pension provision for elected members.
The City of London Corporation's Policy and Resources Committee voted in October 2026 to reject a proposal to include elected members' allowances within the Local Government Pension Scheme (LGPS), citing affordability concerns. This decision, supported by a recommendation from its Civic Affairs Sub-Committee, means councillors' allowances will not be pensionable in the City.
This decision comes after legislative changes in May 2026 allowed councillors to become members of the LGPS for their elected office, making their allowances pensionable. While other local authorities may automatically apply these regulations, the City Corporation had the choice whether to implement them.
Key facts
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 23 October 2026. Spotted a mistake? Email community@opencouncil.network.