London Pensions Fund Authority (LPFA)

(the information below has been provided by the London Pensions Fund Authority)

The London Pensions Fund Authority (LPFA) raises a levy each year to meet pension costs and other employer liabilities for which LPFA is now responsible but cannot charge to the pension fund. These payments relate to former employees of the Greater London Council (GLC), the Inner London Education Authority (ILEA) and the London Residuary Body (LRB).

For 2011-12, the income to be raised by levies is set out below. The Greater London levy is payable by all London boroughs, the Inner London levy only by Inner London Boroughs (including the City of London). The figures show the total to be raised and, in brackets, the percentage change on the previous year.