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: