Meeting documents

Pension Fund Committee
Friday, 25 August 2006

PF250806-13

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ITEM PF13

PENSION FUND COMMITTEE – 25 AUGUST 2006

CONSULTATION ON PROPOSED CHANGES TO THE LOCAL GOVERNMENT PENSION SCHEME - (AMENDMENT) (No2) REGULATIONS 2006

Report by the Head of Finance & Procurement

Introduction

  1. This report summarises the changes proposed in this consultation document and details the response made on behalf of the Committee by the Head of Finance & Procurement after consultation with the Chairman, Deputy Chairman and Opposition Group Spokesman, under the delegated authority agreed by this Committee on 26 May 2006.

    2. Background

  2. At the last meeting of this Committee, members considered a report on changes to the Local Government Pension Scheme (LGPS). Reference was made in that report to the expected appearance over the summer months of a number of consultation documents covering further proposed changes to the LGPS and the likelihood that the consultation timescales would not fit into this Committee’s cycle of meetings.

  3. The Committee accordingly agreed to:

    1. delegate authority to the Head of Finance & Procurement to respond to the consultation drafts to be issued by ODPM, as detailed in paragraph 4 of the report, after consultation with the Chairman, Deputy Chairman and Opposition Group Spokesman, in cases where the government timescales preclude consideration by the full Committee; and

    2. agree that the exercise of any such delegated authority in (a) will be reported to the next meeting of the Committee.

  4. This report accordingly provides as an Annex (download as .doc file), the briefing note circulated to the Chairman, Deputy Chairman and Opposition Group Spokesman on 22 June, which summarised the proposed changes, as well as the agreed response which was sent, on behalf of the Committee, to the Department for Communities and Local Government on 30 June 2006.

    5. RECOMMENDATIONS

  5. The Committee is RECOMMENDED to note the report.

SUE SCANE
Head of Finance & Procurement

Background Papers: None

Contact Officer: Ken Bell, Interim Assistant Head of Finance. Tel (01865) 815411

August 2006

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