Local Government Pension Scheme (LGPS)
A defined benefit pension scheme for local government employees in the UK. A statutory, defined benefit occupational pension scheme for local government employees in the UK. A defined benefit occupational pension scheme for local government employees in the United Kingdom. The Local Government Pension Scheme (LGPS), a public sector pension scheme for local government employees in the UK. It is a statutory defined benefit occupational pension scheme, including governance, pooling, and investment strategies. It is undergoing reforms as part of the 'Fit for the Future' programme and the Pension Schemes Act 2026. Regulations govern its management and oversight.