Agenda item

Consideration was given to the report of the Corporate Director, Resources which advised of best practice guidelines issued by the Pensions Regulator on record-keeping. It sought approval to the commissioning of a tracing agency to trace deferred members who had changed address without informing the pension scheme, and to compare the pensions database against the national register of deaths (for copy see file of Minutes).

Following a question from Councillor Jopling Members were assured that recovery action was taken when cases of overpayment had been identified.

In discussing the options Members felt that in view of the cost of tracing deferred members who had moved without notifying the scheme, the exercise be undertaken shortly before the member reached the age of 60, to avoid having to repeat the exercise should they move again.

In addition, as a one-off initiative, the Committee agreed that the whole database be compared against the National Register of Deaths.  

Resolved:

That

(i)                 the information given be noted;

(ii)               the Pension Fund commission a tracing agency to trace deferred members who had changed address without informing the Pension Scheme and who were approaching the age of 60;

(iii)             the pensions database be compared against the National Register of Deaths.