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The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the United Kingdom, with 6.4 million members from 15,000 employers. [1] It is a defined benefit pension plan. Administration is carried out through 89 [2] regional pension funds such as Greater Manchester Pension Fund and London Pensions Fund ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
The fund is in its early stages and may be partially funded (up to £45 million) from the City Deal. [ 21 ] In May 2021, funding for the next five years of the Cardiff Capital Region City Deal were approved following the conclusion of a gateway review, which occur every five years during the deal's operation.
Basic pension: Provident fund system: N/A: N/A Hungary: Social assistance: Private pension fund: Voluntary pension fund: N/A India: Social assistance: Mandatory Provident Fund: Voluntary pension insurance: Individual private pension plans Ireland: Basic pension: Social insurance system Pay Related Social Insurance: Occupational pension schemes ...
Gwent County Council provided county-level services for the area. [4] The county council was abolished in 1996 and Torfaen became a principal area with county borough status, with the council taking over the functions previously performed by the county council. [5] Borough status allows Torfaen to give the chair of the council the title of mayor.
The former administrative county was divided into several districts: Blaenau Gwent, Islwyn, Monmouth, Newport and Torfaen. The successor unitary authorities are Blaenau Gwent, Caerphilly (part of which came from Mid Glamorgan), Monmouthshire (which covers the eastern 60% of the historic county of the same name), Newport and Torfaen.