Admissions and Termination Policy
November 27, 2020 Pension Fund Committee (Committee) Awaiting outcome View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
The Pension Fund Committee decided to approve the admissions and termination policy. The policy was updated to incorporate legislative changes and align with the Funding Strategy Statement. This includes new provisions for exit credits, allowances for the McCloud judgement, and clarity on how deficit or exit credits are handled when a guarantor or successor exists.
Full council record
Purpose
Following a review and consultation with employers a final draft of the admissions and termination policy has been completed incorporating recent changes to legislation and to bring the policy in line with the Funding Strategy Statement which was amended in March 2020.
Details
| Outcome | For Determination |
| Decision date | 27 Nov 2020 |