Department For Education
October 14
10:20
2022
Details
This guidance is for:
- academy trusts
- LGPS administering authorities
- LGPS actuaries
The DfE local government pension scheme guarantee for academy trusts explains how the guarantee can:
- reduce the pension costs for an academy trust and remove a potential barrier to a local-authority-maintained school seeking to convert to an academy
- enable an administering authority to apply lower risk ratings to an academy trust, on the same level as a local-authority-maintained school
- cover unpaid pension liabilities on a trust closure, where the trust has insufficient funds to service their liability
The parliamentary minute was laid on 21 July 2022 with statements made in the House of Commons and the House of Lords. This minute updates the previous one laid on 2 July 2013.