Acronyms

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A

  • ARC Additional Regular Contribution
  • AVC Additional Voluntary Contribution

B
  • BCE Benefit Crystallisation Event

C
  • CAYs Compensatory Added Years
  • CLG Department for Communities & Local Government – the sponsor and regulator of the LGPS

D
  • DWP Department for Work & Pensions

E

F
  • FSC Finance Service Centre

G
  • GAD Government Actuary’s Department
  • GIA Grant-in-Aid – funding provided by Government for specific purposes

H
  • HMRC Her Majesty’s Revenue & Customs
  • HR Human Resources
  • HRSC Human Resources Service Centre

I
  • IDRP Internal Dispute Resolution Procedure

J

    K

    L
    • LGPS Local Government Pension Scheme

    M
    • MOU Memorandum of Understanding

    N
    • NAO National Audit Office – our external auditors
    • NDA Non-Disclosure Agreement
    • NFI National Fraud Initiative – carried out bi-annually by the Audit Commission

    O
    • ONS Office of National Statistics

    P
    • PI Pensions Increase as specified by annual Pensions Increase Orders
    • PwC PricewaterhouseCoopers – contracted by NAO to carry out the external audit on behalf of NAO

    Q

    R

    S

    • SERPS State Earnings Related Pension Scheme
    • S2P State Second Pension

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    T

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    V

    W

    X

    Y

    Z

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