Issue - meetings

Neil Buxton, Technical Specialist Pensions Fund Policy and Governance, presented the report. This report was generated due to changes of government policy in March 2020 which allowed the fund discretion when resolving exit credits. When an employer leaves the fund, the fund will apply the updated policy to determine whether there is an amount of money due to the employer that is exiting.Neil Buxton concluded that the report contained improvements for the admissions policy.

Resolved:

That the Staff and Pensions Committee approves the amended Admissions and Termination Policy.