Issue - meetings
Funding Strategy Statement (FSS) updates - Exit Credit and Employer Flexibilities Regulatory Amendments
Meeting: 21/07/2021 - Pension Board (Item 31)
Additional documents:
- Report 4 PEN20212605 FSS Updates Exit Credit and Employer Flexibilities Regulatory Amendments Final (003), item 31
PDF 241 KB
- Report 4 Appendix London Borough of Croydon Funding Strategy Statement A..., item 31
PDF 768 KB
Minutes:
The Board considered a report advising it that the Pension Committee, at its meeting on 25 May 2021, had considered the changes introduced to the Local Government Pension Scheme in respect of exit credits and the options for contribution reviews. This report also suggested how these changes could be reflected in the Funding Strategy Statement. The Committee instructed officers to undertake an employer consultation on these changes. The Board received an introduction from Head of Pensions and Treasury, Nigel Cook.
RESOLVED – That the Board agreed that as exit arrangements only applied to a few employers, the consultation on the website would be enough/sufficient.