Issue - meetings

Change of Wording of Pension Scheme Employer Discretions Statement of Policy

Meeting: 27/02/2020 - Personnel Board (Item 26)

26 Change of Wording of Pension Scheme Employer Discretions Statement of Policy pdf icon PDF 126 KB

To consider a change of wording of the Pension Scheme Employer Discretions Statement of Policy.

Additional documents:

Minutes:

The Board considered a report proposing a change of wording to the Council’s Pension Scheme Employer Discretions Statement of Policy to enable a Shared Cost Additional Voluntary Contribution to be implemented.

 

Mark Gibbons, HR Specialist, explained the proposed change to the AVC Scheme which  would enable employees and the Council to save money through being able to reclaim national insurance contributions. Mark highlighted the change of wording that was required to the Policy in order to enable the salary sacrifice scheme to be implemented.

 

During discussion of the proposed change it was confirmed that there would be no impact for anyone on the current AVC scheme if they wished to move to the new scheme.

 

RESOLVED: That the wording on the Council’s Employer Discretions Statement of Policy be altered to enable the salary sacrifice scheme to be implemented without contradicting the Council’s own policy.