Admissions and Termination Policy
Decision Maker: Pension Fund Committee
Decision status: For Determination
Is Key decision?: No
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.
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