Some members may be impacted by the McCloud remedy. This was a court case which identified that certain younger LGPS members had been discriminated against when the government made reforms to the LGPS in April 2014. In autumn 2023, the government made regulations to address this. This was done by extending ‘underpin’ protection to those members affected by the court case, so that their pension for the affected period is based on the best of the scheme’s old final salary benefit design and the scheme’s reformed career average benefit design. This is known as the underpin.
The fund is currently taking steps to identify those who qualify for the McCloud remedy and carry out calculations to apply the underpin to member benefits.
This is a significant project, requiring the collection of historic employment data from the remedy period (1 April 2014 – 31 March 2022) and gathering information regarding previous public sector pension scheme membership which may cause a member to qualify for the remedy.
Recently, the Haringey Pension Fund has decided to make a determination, extending the period that the Fund has to implement the McCloud remedy until 31 August 2026 for all qualifying members. This approach has been carefully considered by the Fund and the pensions committee, and the extension will give the fund more time to ensure that the underpin is applied correctly across members’ pensions.
This means that the information provided on your 2025 Annual Benefit Statement does not take into consideration the McCloud remedy, or state whether you qualify for underpin protection or not.
We continue to work to address the McCloud discrimination within Haringey Pension Fund and, if you qualify for the underpin, intend that it will be reflected in your 2026 Annual Benefit Statement and any subsequent statements or quotations. If you would like any further information, please contact us at Pensions.Mailbox@Haringey.gov.uk.