About Nilgosc
Nilgosc: Administering the Local Government Pension Scheme for Northern Ireland
Nilgosc is a leading organization that administers the Local Government Pension Scheme (LGPS) for Northern Ireland. The company has been providing pension services to local government employees in Northern Ireland since 1972. With over 100,000 members and assets worth more than £8 billion, Nilgosc is one of the largest pension schemes in Northern Ireland.
The LGPS is a defined benefit scheme that provides retirement benefits to local government employees in Northern Ireland. It is a valuable benefit that helps employees plan for their future and ensures they have financial security when they retire. The scheme covers all local government employees, including teachers, firefighters, police officers, and council workers.
Nilgosc's primary role is to manage the LGPS on behalf of its members. This involves collecting contributions from employers and employees, investing these funds wisely to generate returns, and paying out pensions to retired members. The company also provides information and guidance to its members on how best to plan for their retirement.
One of Nilgosc's key strengths is its investment strategy. The company has a team of experienced investment professionals who manage its portfolio of assets with great care and diligence. They invest in a range of asset classes such as equities, bonds, property, infrastructure projects etc., which helps diversify risk while generating attractive returns.
Another important aspect of Nilgosc's work is ensuring that it complies with all relevant legislation governing pensions in Northern Ireland. This includes keeping up-to-date with changes in legislation such as auto-enrolment requirements or changes to tax rules affecting pensions.
In addition to administering the LGPS scheme itself, Nilgosc also offers additional services such as AVCs (Additional Voluntary Contributions) which allow members to top up their pension savings if they wish.
Overall Nilgosc plays an essential role in providing financial security for thousands of local government employees in Northern Ireland. Its expertise in managing the LGPS scheme and its commitment to providing excellent customer service make it a trusted partner for both employers and employees.
If you are a local government employee in Northern Ireland, then Nilgosc is the company you can trust to manage your pension scheme effectively. With its experienced team of investment professionals, strong compliance record, and commitment to customer service, Nilgosc is the ideal partner for anyone looking to plan for their retirement with confidence.