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Issue - meetings

Update on Breaches of LGPS Regulations

Meeting: 16/11/2018 - Pensions Board (Item 11.)

11. Report on Breaches of LGPS Regulations and any emerging patterns pdf icon PDF 68 KB

Report attached.

Contact: Rebecca Clough (01743) 254457

 


Meeting: 13/04/2018 - Pensions Board (Item 21)

21 Update on Breaches of LGPS Regulations pdf icon PDF 68 KB

Report attached, marked 7.

Contact: Rebecca Clough (01743) 254457

 

Minutes:

21.1  The Board received the report of the Pensions Communication Officer – copy attached to the signed Minutes – which informed Members of the latest breaches of the LGPS regulations affecting the Shropshire County Pension Fund.

 

21.2  The Pensions Communication Officer reported that 11 discretions policies were still outstanding.   She informed the Board that they were chasing these policies and had the option to report the employers to the Pensions Regulator.  Documentation was available evidencing what was being done to chase these up.  The employers were opening themselves up for challenge by not having a policy in place, especially if they were in breach in other areas.

 

21.3  The Pensions Communication Officer explained that although the Pension Fund had quite a good record, the Pension Regulator was looking for 100% compliance which was difficult to achieve.  She went on to say that there had been no material breaches, although two were being looked at to check whether any improvements had been made.

 

21.4  Members wished to be kept informed of progress at future meetings.

 

21.5  RESOLVED:

 

          That the contents of the report be noted.


 

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