Contact: Jon Pittam, (01962) 847400; [email protected]

1 Summary

1.1 This report sets out the proposed response to the Government's consultation on options for a new look local government pension scheme (LGPS) from April 2008. It contains the draft recommendations for the Hampshire Pension Fund to respond to the consultation deadline of 29 September 2006. The options are also presented to the Cabinet to discuss the issues and to make any alterations or suggestions it wishes as a separate employer in the Fund.

1.2 The following decision is sought.

Cabinet is asked to endorse or amend the recommendations of the Hampshire Pension Fund, in response to the consultation as an individual employer in the Fund

2 Reason

2.1 The Cabinet is interested in the outcome of the consultation exercise and its impact upon the recruitment and retention of its staff in the LGPS, and the potential impact on council tax payers.

2.2 The LGPS is a key recruitment and retention tool for the County Council and therefore supports the delivery of the Corporate Strategy.

3 Other options considered and rejected:

3.1 None

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

4.1 None

5 Dispensation granted by the Standards Committee

5.1 None

6 Reason(s) for the matter being dealt with if urgent

6.1 Not applicable

Approved by: Date:
Councillor T K Thornber, CBE