33 Pension Discretions Policy PDF 212 KB
Report No: CAB/FH/15/007
Cabinet Member: Stephen Edwards Lead Officer: Karen Points
Additional documents:
Decision:
RECOMMENDED TO COUNCIL:
That the Pension Discretions Policy, as contained in Appendix A to Report No CAB/FH/15/007, be approved.
Minutes:
(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.