First Bus has many staff, former staff and their dependants who have pensions with the Local Government Pension Scheme in England & Wales (LGPS for short).
The LGPS pensions for First Bus are looked after by three different pension funds - Greater Manchester Pension Fund, West Yorkshire Pension Fund and South Yorkshire Pension Fund.
Which fund looks after which members is largely down to location. In other words...
- Staff & former staff of First Bus in West Yorkshire are members of West Yorkshire Pension Fund
- Staff & former staff of First Bus in South Yorkshire are members of South Yorkshire Pension Fund
- And staff and former staff of First Bus in Greater Manchester are members of Greater Manchester Pension Fund (GMPF for short).
First Bus has been given Government approval to simplify its pension arrangements, and move all LGPS members under the umbrella of one pension fund - Greater Manchester Pension Fund.
What will the change mean to you if you are moving funds?
Rest assured the change will have no effect at all on the pension you are building up or already drawing. We are sending bulletins to all affected members – click the links below to see a copy.