Agenda item

The Committee considered a report of the Corporate Director of Resources which briefed Members on development matters which were Local Government Pension Scheme (LGPS) specific and non-LGPS matters which were of interest (for copy see file of Minutes).

Members discussed the impact of the 12 principles under the new Code, and the requirement for reporting and disclosure on an ‘apply and explain’ basis. The earliest this could be submitted was April 2021.

Councillor Atkinson referred to the £95,000 cap on exit payments and was advised that this would impact upon long-serving scheme members on medium salaries with unreduced access to benefits.

Resolved:

That the report be noted.