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ITEM PF15
PENSION
FUND COMMITTEE – 27 AUGUST 2004
LOCAL GOVERNMENT
PENSION SCHEME REGULATIONS (LGPS)
Report by
Head of Finance
Introduction
- The transitional
regulations brought forward certain provisions from earlier regulations
to allow continued use after the 1997 LGPS Regulations revoked the general
regulations. One of the provisions under these transitional regulations
was to allow ex scheme members to take advantage of a change of entitlement
which had occurred after they had left local government employment and
taken a refund of contributions. Those who meet the conditions, specified
below, can with Administering Authority agreement repay the refund of
contributions made to them plus interest and count the period of service
in their new employment.
- The conditions
to be met are:
- S/he left a
local government employment after 31 March 1974 and before 1 January
1980 with less that 5 years’ total membership;
- A return of
contributions for that employment was made to him /her; and
- S/he has subsequently
begun another local government employment (whether before or after
the commencement date) in which s/he is an active member.
- Repayment must
be made within a period of 6 months of his/her return to local government
or such longer period as the Administering Authority who returned
the contributions and, if different, his appropriate Administering Authority
in his/her new employment may allow.
Current
Request
- We have now received
a request from Dorset County Council asking whether Oxfordshire County
Council would allow a previous fund member to make a repayment of their
refund.
- This request was
not made until a year after starting employment with Dorset County Council.
However Dorset will agree to the repayment being made.
- We also received
a second request from an active scheme member who is affected by this
regulation and wishes to make a repayment.
Procedures
- No evidence exists
to determine whether a decision has been made under this regulation
in the past.
- This report is
submitted in order to regularise our procedures and to have a properly
reviewable policy in place.
RECOMMENDATIONS
- The Committee
is ASKED to:
- decide
whether it wishes to extend the 6-month period for repayment;
- decide
whether cases should be referred to Committee for decision.
CHRIS
GRAY
Head of Finance
Background
Papers: Nil
Contact Officers: Sally
Fox Tel: (0865) 816080
August 2004
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