The Committee gave consideration to a report proposing the inclusion of a new discretion in the Council’s Local Government Pension Scheme (LGPS) Discretionary Pension Policy Statement to permit Local Government Pension Scheme members to participate in a Shared Cost Additional Voluntary Contributions (AVC) Scheme.
Decision
The Policy and Resources Committee approved
the amendment to the Council’s Pensions Discretion Policy to allow employees to
access this financial benefit if they so choose.
(Reference:Ìý Report by Executive Director with
responsibility for Customer Support ߣsirÊÓƵ dated 19 July 2022, submitted)