Decision details

LOCAL GOVERNMENT PENSION SCHEME RULE OF 85 PROTECTIONS – RESPONSE TO STATUTORY CONSULTATION

Decision Maker: Cabinet

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To endorse the proposed response to the statutory consultation being undertaken by the Communities and Local Government (CLG) Department to extend the current protections in place for the Local Government Pension Scheme (LGPS) in England and Wales.  This would affect older Scheme members following the removal of the rule of 85 with effect from 1st October, 2006.

Decision:

THAT the response to the statutory consultation be endorsed.

Reasons for the decision:

To provide a prompt and comprehensive response to the statutory consultation exercise in order to influence the proposals and ensure that Herefordshire Council retains a LGPS that is affordable to Herefordshire, as well as remaining valued by current and prospective employees.

Alternative options considered:

An alternative option is not to respond. This is not a recommended action as it is important that the views of all employers are made known to the CLG and inform the final decision making process.

Publication date: 21/09/2007

Date of decision: 20/09/2007