Issue - meetings

The Committee was informed that the Council was a participating employer in the Local Government Pension Scheme (LGPS) and, as an employer, was under a legal duty to prepare and publish a written statement of its policy relating to certain discretionary powers under the Regulations which applied to the LGPS.

The Council was also under a duty to formulate, publish and keep under review a Statement of Policy in respect of how those powers were applied where they related to the payment of compensation to employees whose employment was terminated as a result of redundancy or certain other reasons.

The Committee considered the proposed Pensions Discretion Policy which was intended to comply with those duties, including the table annexed to the Policy which set out the discretionary powers concerned, identified the relevant Regulation, and set out how the discretion would be exercised.

RESOLVED that the revised Pensions Discretions Policy, as set out at Annex A to the agenda report, be adopted.