28 Administering Authority Discretions Policy
A report from the Chief Finance Officer and a presentation from the Pensions Manager which presents an updated Administering Authority Discretions Policy for the Wiltshire Pension Fund.
Supporting documents:
Minutes:
The Employer Relationship Manager outlined changes to the existing Administering Authority Discretions policy. The changes update the previous policy approved by this Committee on 28 February 2007 and had been drafted to cover all of the Administering Authority’s discretions as detailed in the Local Government Pension Scheme (Administration) Regulations 2008, Clause 5, part 1.
It was explained that the policy provided guidelines for Pension Fund staff, confirmation of their responsibilities and transparency in processes undertaken.
A number of slides were circulated (attached to these minutes), outlining the changes in detail.
Clarification was sought regarding the following:
Resolved:
To approve the updated Discretions Policy Statement