Decision details

LOCAL GOVERNMENT PENSION SCHEME (LGPS) UPDATE - THE MCCLOUD REMEDY

Decision Maker: Pensions Committee

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Head of Pensions Administration introduced the report to Members. The report provided an update on legislation related to the ‘McCloud Remedy’, and the guidance that had been published to support implementation by the Fund’s Administration Team.

 

Resolved – that the committee note the legislative change to remove the age discrimination from the Local Government Pension Scheme (LGPS), and that implementation of the revised regulations is a major resource intensive project to ensure the Fund’s continued compliance in delivering the ‘McCloud Remedy’.

Report author: Peter Wallach

Publication date: 03/01/2024

Date of decision: 11/12/2023

Decided at meeting: 11/12/2023 - Pensions Committee

Accompanying Documents: