What work has the Welsh Government undertaken to mitigate the risk posed by liabilities under the Local Government Pension Scheme to the finances of local authorities in Wales?
Answered by Cabinet Secretary for Housing and Local Government
| Answered on 03/02/2025
Local Authorities are responsible for identifying the level of liabilities associated with the LGPS as part of their annual accounts which are audited by Audit Wales. The legislation which governs the Local Government Pension Scheme is not devolved and no local Authority has raised concerns at the impact of the operation of the LGPS on its liabilities.