Employers
This section is to help support employers participating in the Isle of Wight Pension Fund.
This section is to help support employers participating in the Isle of Wight Pension Fund.
The employer guide sets out key responsibilities for scheme employers. This document should be read in conjunction with Fund policies and relevant LGPS regulations as outlined below.
o LGPS Regulations & Guidance - https://www.lgpsregs.org/index.php
o Pension Administration Strategy
o Isle Of Wight Council Pension Fund 2022 Valuation Report
o Isle of Wight Council Pension Fund 2022 Funding Strategy Statement
LGPS HR & payroll Guides and sample documents are available on the LGPS website. We ask that you share these with the appropriate teams within your organisation.
The LGPS Regulations website provides employer training & resources: https://lgpsregs.org/employer-resources/index.phpo
Employer Role Training This covers scheme overview, CARE vs final salary, staff absences, additional contributions, legal requirements, retirement, early leavers, and other considerations. You can book a place by following the available date links shown on the page.
Employer bite-size training: These include mini training sessions covering:
o Ill health retirements for active and deferred members
o Assumed Pension Pay
o Final Pay
Employer guides and documents: current technical guides & example letters cover the following subjects:
o Automatic enrolment
o AVCs
o Backdated pay award
o Discretions
o HR & payroll
We maintain a library of member forms, guides and leaflets on the Forms & Documents page of our website. Please direct members to this page for the current version of any document or form they are looking for.
We have a New Starter Information Pack available to download from the Forms & Documents section of our website. Please share this document with any new employees and send scanned copies of the completed forms to our admin email address.
Other useful links for members: