The last couple of years have been difficult, and we’re now seeing rises in the cost of living. Your employees may be struggling with their money at the moment and unsure of where to get help. The Local Government Association (LGA) have put together some answers to the following frequently asked questions about the cost of living crisis for members of the Local Government Pension Scheme (LGPS):
- Where can I find help with rising living costs?
- Can I reduce or stop my pension contributions?
- Could pension scams increase?
- Is there any help for pensioners on lower incomes?
Please tell your employees to go to the LGPS website [1] to get help on managing their money in these uncertain times.