The Local Government Pension Scheme (LGPS) is the pension scheme for non-teaching staff in local authority-maintained schools and academies in England. This means that, from 1 April 2026, schools could significantly reduce their employer contributions without affecting the security of employees’ benefits. The LGPS assets are not managed by a single entity but by 87 different administering authorities across England and Wales (79 in England). It is possible to de-risk an individual employer’s assets as well reducing risk in the overall fund. According to the latest accounts for the academies sector, academies paid £1.4 billion in employers’ contributions in 2022-23.