Issue - meetings
Pension Discretions
Meeting: 10/02/2015 - St Edmundsbury Cabinet (Item 34)
34 West Suffolk Pension Discretions Policy 
PDF 214 KB
Report No: CAB/SE/15/010 TO FOLLOW
Cabinet Member: David Ray Lead Officer: Karen Points
Additional documents:
- CAB.SE.15.010 Appendix A Pension Discretions Policy, item 34
PDF 396 KB
- CAB.SE.15.010 Appendix B Pension Discretions Policy 2015 - Summary, item 34
PDF 99 KB
Decision:
RECOMMENDED TO COUNCIL
That the Pension Discretions Policy, as contained in Appendix A to Report No: CAB/SE/15/010, be approved.
Minutes:
The Cabinet considered Report No: CAB/SE/15/010 (previously circulated) which sought approval for the Pension Discretions Policy.
Councillor Ray, Portfolio Holder for Resources and Performance informed the Cabinet that The Local Government Pension Scheme (LGPS) changed to a career average (‘CARE’ – career average revalued earnings) scheme in April 2014. The new pension regulations gave employers a number of discretionary options. The Council was required to agree and publish its decisions in relation to these discretions in a written Statement of Policy.
Appendix A attached to the report contained thePolicy, with a summary of the recommended discretions contained in Appendix B.
RECOMMENDED TO COUNCIL
That the Pension Discretions Policy, as contained in Appendix A to Report No: CAB/SE/15/010, be approved.