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Could the government’s pay deal with teachers set a precedent for the LGPS?

As the government taps into school pension savings to fund teachers’ pay, experts warn the move could set a precedent for future claims on the LGPS surplus.

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In July, teachers across the country received the welcome news from the government that their pay would increase by 3.5% from September on. However,

Keeping the LGPS as an open DB scheme will be vital if the scheme is to remain a major investor in local communities, according to a new report by industry group Pensions UK