Issue - meetings

Marina Fraser-Ryan (Delivery Lead – People Relations) introduced the report. She advised that the Council acted as both a scheme employer, and the administering authority of the Local Government Pension Scheme (LGPS). She advised that regulations required the scheme employer to formulate, publish, and keep under review a statement of policy relating to all mandatory discretions which it has power to exercise in relation to members of the Scheme. The same action was recommended be taken in respect of non-mandatory discretions. The Committee’s approval was sought for the LGPS Employer’s Pensions Discretions Policy.

In response to Councillor Kettle, Marina Fraser-Ryan offered to provide details of the likely cost implications of discretions. She stated that discretions applied to a relatively small number of applications from individuals; the cost was not anticipated to escalate.

Resolved:

That the Staff and Pensions Committee approves the Local Government Pension Scheme (LGPS) Employer’s Pensions Discretion Policy attached in Appendix 2 of the report.