Scheduled And Admitted Bodies Financial Glossary

What is it? A scheduled body is an organisation which has the right under legislation to become a member of the Local Government Pension Scheme An admitted body is an organisation which does not have the automatic right to join the Local Government Pension Scheme but can join (be admitted to) with the agreement of the administering authority. It must be non-profit-making and will normally be receiving a grant from either central or local government.

Finance Term Definition Added By: Olivia

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