Issue - meetings

Report No: CAB/FH/15/007

Cabinet Member: Stephen Edwards           Lead Officer: Karen Points

RECOMMENDED TO COUNCIL:

That the Pension Discretions Policy, as contained in Appendix A to Report No CAB/FH/15/007, be approved.

(Report No CAB/FH/15/007)

The Cabinet Member for Resources, Governance and Performance presented this report which explained that the Local Government Pension Scheme (LGPS) changed to a career average scheme in April 2014. 

The new pension regulations provided employers with 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, that had to be agreed by Council.

The proposed Policy was set out in Appendix A to Report No CAB/FH/15/007, with the Summary of Recommendations attached at Appendix B.

With the vote being unanimous, it was

RECOMMENDED TO COUNCIL:

That the Pension Discretions Policy, as contained in Appendix A to Report No CAB/FH/15/007, be approved.