Issue - meetings

The Director of Organisational Development and Democratic Services introduced a report, which had been circulated in advance of the meeting, asking the Committee to consider applying local pension discretions in respect of a post holder in order to enable a funded and unreduced flexible retirement arrangement which will contribute to the Council’s efficiency programme. 

RESOLVED:

1)    To agree to apply the following local pension discretions within the LGPS Regulations in respect to the post holder:

a)            Under Regulation R30(6) and TP11(2)- to allow all benefits to be paid in full to the post holder as they are age 55+ and the hours of work for their post will be reduced from 37 per week down to approximately 22.5 per week and they will continue to work afterwards through a flexible retirement arrangement; and

b)            Under Regulation R30(8) - to agree to waive in whole, all actuarial reduction on benefits paid on flexible retirement.

2)    To confirm that the business case presented satisfies the terms of the local discretions policy statement; and

3)    That having applied these local discretions, authorises the release of a fully-funded and unreduced flexible retirement pension to the post holder with effect from 14 July 2020.