Decision details

AMENDMENT TO PENSIONS DISCRETIONS POLICY - SHARED COST AVCs

Decision Maker: Policy and Resources Committee

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Committee gave consideration to a report proposing the inclusion of a new discretion in the Council’s Local Government Pension Scheme (LGPS) Discretionary Pension Policy Statement to permit Local Government Pension Scheme members to participate in a Shared Cost Additional Voluntary Contributions (AVC) Scheme.

 

Decision

 

The Policy and Resources Committee approved the amendment to the Council’s Pensions Discretion Policy to allow employees to access this financial benefit if they so choose.

 

(Reference:  Report by Executive Director with responsibility for Customer Support Services dated 19 July 2022, submitted)

 

Publication date: 22/08/2022

Date of decision: 11/08/2022

Decided at meeting: 11/08/2022 - Policy and Resources Committee

Accompanying Documents: