Decision details

Lancashire County Pension Fund - Report on Administering Authority Discretions

Decision status: Recommendations Approved

Is Key decision?: No

Decisions:

The Committee received a report on Administering Authority discretions, outlining proposals in relation to five key policy areas:

 

• Abatement of pensions

• Transfer in of pension rights

• Commutation of pensions

• Admissions and Terminations

• Bulk Transfers

 

There was some discussion around setting the threshold for abatement at £30k. It was suggested that the Committee would benefit from further information around commutation, a proposed Equality Impact Assessment and the increments that would result if the threshold was set lower than £30k, before going out to consultation.

 

Resolved: - That consideration of the recommendations set out at Appendices 'A', 'B', 'C', 'D' and 'E' of the report, now presented, be deferred to the next ordinary meeting of the Committee to be held on 4 September 2015, to allow for further information to be included on the impact of different pension threshold levels, an Equality Impact Assessment and commutation of pensions.

Date of decision: 05/06/2015

Decided at meeting: 05/06/2015 - Pension Fund Committee

Accompanying Documents: