Reduction in employers’ pension contribution

Your pension may be safe, but is the future of local government?

Yesterday, Andrew Kerr announced that the employers’ contribution to the Lothian Pension Fund will be reduced. We give you the details of this, what it means to you and what it means on a broader scale.

Key points are that this

  • does not affect your pension
  • is happening across the UK
  • provides the Council with extra funding, but this is a one off.

Details

Now, the employer contribution to your pension fund is 22.5% of the salary bill. This money, along with the money workers pay in, is invested to create the pot of money that pays workers’ pensions.

Every three years the pension fund reviews how much employers pay in.

The change will reduce the employers’ contribution from 22.5% to 17.4% until 31 March 2027. This is a more significant change than before.

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LPF, it’s time to divest!

Unite CEC Branch pledges its support for the Time to Divest campaign and joins with it to demand that Lothian Pension Fund divest from companies profitting from mass killing and apartheid in Gaza.

The horrific siege on Gaza continues, with the death toll now over 27,000 with over half being children. As many of those calling for peace since October predicted, the crisis is causing further unrest in the region, with conflict between Israel and Hezbollah in Lebanon, and the UK and the US now at war with the Houthis in Yemen.

Those that watch on horrified may wonder what they can do—is there is anything that can be done to help with a conflict so far away? How are we connected?

Your money funds companies profitting from apartheid

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