Decision details

Local Government Pension Scheme Discretions

Decision Maker: Executive

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

Agreed

 

 

That it is recommended to Council:-

 

(1)          to approve and publish the Employer Discretions Policies contained in Appendices A and B attached to this report in accordance with the requirements of the LGPS Regulations and subject to the following changes:-

 

·                      changing Appendix B discretion B30(2) to read as follows: “This discretion will be used where there is no cost to the Council (or the application is made under and meets the grounds for waiving the actuarial reduction - see discretion B30(5))”; and

 

·                      inclusion of the discretions in relation to Shared Cost Additional Voluntary Contribution Arrangement (Regulation R17(1) & TP15(1)(d) & A25(3)) in Appendix A in line with the principles outlined in the report, with the discretion being “The Council does not apply these discretions.”

 

(2)          that any decision to be taken when discretion would apply should be made in consultation with the Leader of the Council and the Constitution be amended accordingly.

Reason for Decision:

 

 As set out in the report and advised at the meeting.

 

 

Publication date: 17/07/2014

Date of decision: 15/07/2014

Decided at meeting: 15/07/2014 - Executive

Accompanying Documents: