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.