DCLG publish SF3 statistics for 2009/10

Department for Communities and Local Government (DCLG) published the SF3 statistics for 2009/10 on 13 October 2010

The statistics relate to the LGPS Funds in England and show:

• Local Government Pension Scheme expenditure on benefits in 2009-10 was £6.3 billion, compared with £5.6 billion in 2008-09, an increase of 13 per cent.
• Income from employees' contributions to the Local Government Pension Scheme in 2009-10 was £2.0 billion, an increase of 3 per cent on 2008-09. Income from employers' contributions to the scheme rose by 7 per cent to £5.8 billion in the same period.
• Income from investments fell by 10 per cent in 2009-10 to £2.6 billion. This follows a fall of 9 per cent in 2008-09.
• The market value of the funds at end of March 2010 was £132 billion. This represents an decrease of 17 per cent on March 2006 and and increase of 10 per cent on March 2008.
• There were nearly 1.7 million employees in the Local Government Pension Scheme at the end of March 2010, almost no change on March 2009.
• The number of former employees entitled to deferred benefits rose to 1.2 million in 2009-10, an increase of 46 per cent over 2005-06. Over the same period the number of pensioners has increased by 16 per cent. The number of former employees entitled to deferred benefits exceeds the number of pensioners.

The 2009/10 statistics for LGPS Funds in Wales have also been published and the 2008/09 statistics for LGPS Funds in Scotland are available on the SPPA website.