Issue - meetings

Update to Pensions Policy Statement

Meeting: 22/01/2013 - Corporate Committee (Item 202)

202 Exercise Of Pension Discretions In The Absence Of The Employing Body pdf icon PDF 130 KB

 The Committee will be asked  to consider that in circumstances where a member’s employing body no longer exists and there is no former or successor employing body, the Council in its capacity as Administering Authority of the Haringey Council Pension Fund exercise the employing body discretions arising under Regulations 30 A and 31 of the LGPS (Benefits, Membership and Contributions ) Regulations 2007. 

 

Minutes:

The report recommended that the Council in its capacity as administering authority could exercise employing body discretion, in the event that payment of deferred benefits was requested by former employees of an employing body of the Pension Fund, where that employing body no longer existed. The report indicated some of the scenarios where this might apply.

 

RESOLVED

 

i)             That in circumstances where a member’s employing body no longer exists and there is no former or successor employing body, the Council in its capacity as Administering Authority of the Haringey Council Pension Fund exercise the employing body discretions arising under Regulations 30, 30A and 31 of the LGPS (Benefits, Membership and Contributions) Regulations 2007.

 

ii)            Each case will be considered on its merits and have regard to the member’s employing body Policy Statement. Approval is delegated to the Section 151 Officer.