Contact: Jon Pittam, ext 7400

1. Summary

1.1 The Office of the Deputy Prime Minister plans to revoke the new regulations for the Local Government Pension Scheme (LGPS) introduced on 1 April 2005. The following decisions are sought:

· that the recent changes concerning the LGPS are noted

· that the Pension Fund Panel respond by 31 May 2005 on the planned revocation of the regulations.

2. Reason

2.1 The interim period between the regulations coming into effect and their subsequent revocation will cause confusion to individuals and employers and create additional work. The County Council supported the original changes to reduce future pressure on the employers' contributions to LGPS and consequently council tax.

3. Other options considered and rejected

3.1 Not applicable.

4. Conflicts of interest declared by the decision maker or other Executive member consulted

4.1 Not applicable.

5. Dispensation granted by the Standards Committee

5.1 Some members, and officers, are members of the LGPS.

6. Reason for the matter being dealt with if urgent

6.1 Not applicable.

Approved by: Date:
Councillor T K Thornber, CBE