Local Government Pension Scheme projected service cost - Find a freedom of information request

Lincolnshire Local Government Pension Scheme

Your published accounts show the Local Government Pension Scheme projected service cost for 2022 (£74.3m p103) as well as the actual service cost for 2021 and 2020 (p96)

For each year could you please let me know the percentage of pensionable salary these figures represent. 

I can confirm that the information requested is held by Lincolnshire County Council. I have detailed below the information that is being released to you.

2019/20 Pensionable pay £149,039,000 – Current Service Cost £68,111,000 - % therefore 45.7%

2020/21 Pensionable pay £156,564,000 – Current Service Cost £67,966,000 - % therefore 43.4%

2021/22 Pensionable pay £157,347,000 – Current Service Cost £74,342,000 - % therefore 47.2% (forecasted)