Annal Nayyar- Academies and LGPS liabilities

Annal Nayyar- Academies and LGPS liabilities

On 2 July 2013 the Secretary of State for Education, Michael Gove, laid a Parliamentary Minute and an accompanying Written Ministerial Statement in the House of Commons and House of Lords.

These set out details of a guarantee that any outstanding Local Government Pension Scheme liabilities on academy closure will be met by the Department for Education.

The Secretary of State also asked that administering authorities review academy risk assessments and treat academies equitably when setting employer contribution rates.

Following due Parliamentary process, the guarantee will come into force on 18 July 2013. Its suggested academies to contact their LGPS administering authorities after this date to ask that their risk assessments be reviewed. LGPS contact details can be found on their website.


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