Voluntary Pension Contribution Scheme for Local Government Employees

This is an opportunity to provide a Salary Sacrifice Additional Voluntary Contribution (AVC) scheme for members of the Local Government Pension Scheme. The scheme allows eligible local government employees to make additional voluntary contributions to their pension through salary sacrifice arrangements, enabling them to enhance their retirement benefits while potentially gaining tax efficiency. Suppliers should understand that this involves administering pension contribution deductions, managing employee elections, processing contributions, and ensuring compliance with pension regulations and tax legislation.