LGPS

By virtue of regulation 60 of the LGPS Regulations 2013 and paragraph 2(2) of Schedule 2 to the LGPS (Transitional Provisions, Savings and Amendment) Regulations 2014, Scheme employers are required to prepare and publish a written policy in relation to five specific discretions. These are:

Benefit Regulation 16: 

The funding of additional pension for a member either through regular contributions or by lump sum

Benefit Regulation 30 (6):  

Flexible Retirement

Benefit Regulation 30 (8): 

The waiving of the actuarial reduction in those cases where a member voluntarily retires early,

Benefit Regulation 31

The awarding of additional pension to a member

Transitional Regulations - Schedule 2 of the Transitional Regulations:        

Whether to “switch on” the 85 year rule for a member voluntarily drawing benefits on or after age 55 and before age 60

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