The Government has confirmed that the eviction ban/possession stay will definitely end on the 23 August 2020.
Employers admitted to the LGPS should therefore review their policies on how they exercise discretions under the LGPS to ensure that the policies are up to date, achieve value for money and protect the employer’s reputation.
In the LGPS staff can retire early from the age of 55. Even though the pension will be reduced to reflect the fact that the employee has retired early, employers have a discretion to waive that reduction. In this situation, there will usually be a cost to the employer. The pension fund may ask the employer to make a one off payment to the pension fund to cover the cost to the pension fund of waiving the reduction to pension benefits. These payments can be very substantial, amounting to tens or occasionally hundreds of thousands of pounds.
There can be reputational and other costs for employers as well. The fall-out from allowing early retirement and waiving reductions to pension benefits can include criticism from regulators if they take the view that the employer has failed to manage the risks of early retirement appropriately.
All employers admitted to the LGPS are required to have a policy governing how they will exercise certain discretions in the LGPS. This policy must include a statement on when staff will be allowed to retire flexibly and when actuarial reductions may be waived. Given changes to the regulations governing the LGPS from 1 April, all LGPS employers should be taking this opportunity to review their policies on the exercise of discretions to ensure that they appropriately manage the risks to the employer. Employers are required by the new LGPS regulations to provide a new policy statement by 1 July 2014.
For more information
AGM season will soon be upon us. One of the many challenges social distancing measures has presented is how to hold AGMs and other General Meetings.
The MHCLG has published its review into the risks of fraud and corruption in local government procurement.
On 24 April 2020, the Fire Brigade Union, supported by the prison staff union (POA), public services union PCS and the GMB, filed court proceedings against the Government.
Procurement Policy Note (PPN) 05/20 announced the Government’s update of its “Outsourcing Playbook”.
Last week saw a significant easing of social distancing measures in England from 4 July”.
The way we observe these important rituals has been turned upside down by the Covid-19 pandemic.
Impact of the Supreme Court’s judgment in Bresco Services Limited v Michael J Lonsdale .
Yesterday, (23 June) the Prime Minister announced significant changes to lockdown measures for organisations and individuals in England.
Whilst many of us are welcoming the recent changes to lockdown, many charities are finding the easing of lockdown more difficult to manage than going into it!
To receive invitations to our events, as well as information and articles on legal issues and sector developments that are of interest to you, please sign up to Newsroom.