Meeting documents

SCC Human Resources Committee
Tuesday, 21st January, 2020 2.00 pm

  • Meeting of Human Resources Committee, Tuesday 21st January 2020 2.00 pm (Item 12.)

To consider this report.

Decision:

The Committee considered this report that provided details on a number of proposed amendments to the Council’s Pensions Discretions Policy. There was a brief discussion of the report and an explanation of the 85-year rule was provided, meaning the combination of age and length of service for an individual. 

 

There was a discussion about flexible retirement and it was noted it was already offered and used however the requirement had to be specific about the period and the reduction should the offer be taken up, and agreement on the expectation it would happen. In allowing the Flexible Retirement discretion the Council was required to state the minimum requirements in its Discretions Policy. 

 

The Committee agreed, unanimously to:

Adopt the Flexible Retirement amendments/additions to both the discretions policy and flexible retirement policy;

Not apply the 85-year rule discretion to deferred benefits and update deferred pensions policy to reflect this;

Include discretion on employee contribution bands; and to

Review how /when to make future updates.

Minutes:

The Committee considered this report that provided details on a number of proposed amendments to the Council’s Pensions Discretions Policy. There was a brief discussion of the report and an explanation of the 85-year rule was provided, meaning the combination of age and length of service for an individual. 

 

There was a discussion about flexible retirement and it was noted it was already offered and used however the requirement had to be specific about the period and the reduction should the offer be taken up, and agreement on the expectation it would happen. In allowing the Flexible Retirement discretion the Council was required to state the minimum requirements in its Discretions Policy. 

 

The Committee agreed, unanimously to:

Adopt the Flexible Retirement amendments/additions to both the discretions policy and flexible retirement policy;

Not apply the 85-year rule discretion to deferred benefits and update deferred pensions policy to reflect this;

Include discretion on employee contribution bands; and to

Review how /when to make future updates.

Supporting documents: