Decision details

Admissions and Termination Policy

Decision Maker: Pension Fund Committee

Decision status: For Determination

Is Key decision?: No

Purpose:

Following a review and consultation with employers a final draft of the admissions and termination policy has been completed incorporating recent changes to legislation and to bring the policy in line with the Funding Strategy Statement which was amended in March 2020.

Decisions:

A report was presented on the Admissions and Termination Policy for the Fund, which had been updated following a consultation with employers to include recent changes to legislation on exit credits, allowances for the on-going effects of the McCloud judgement and to bring the policy in line with the Funding Strategy Statement which had been amended in March 2020.

 

Resolved: That the updated Admissions and Termination Policy for the Fund, as set out at Appendix 'A' to the report presented is approved.

Report author: Colin Smith

Date of decision: 27/11/2020

Decided at meeting: 27/11/2020 - Pension Fund Committee

Accompanying Documents: