Discretion policy and Template (Word doc, 67 KB)(opens new window)
| Discretion | Regulation | Decision |
| Whether, how much and in what circumstances to contribute to a shared cost APC scheme | R16(2)(e) & R16(4)(d) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Whether all or some benefits can be paid if an employee reduces their hours or grade (flexible retirement) | R30(6) & TP11(2) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Whether to waive, in whole or in part, actuarial reduction on benefits paid on flexible retirement | R30(8) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Whether to Switch on the 85 year rule for a member voluntarily drawing benefits on or after age 55 and before age 60 (other than on the grounds of flexible retirement) | TPSch 2 para 1 (2) & 1(1)(c) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Whether to waive an actuarial reduction for a member voluntarily drawing benefits before normal pension age other than on the grounds of flexible retirement (where the member has both pre 1 April 2014 and post 31 March 2014 membership): | TP3(1),TPSch2para,2(1), B30(5) & B30A(5) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Whether to grant additional pension to an active member or within 6 months of ceasing to be an active member by reason of redundancy or business efficiency (by up to £6500 p.a - this figure is inflation proofed annually) | R31 | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Discretions for member who ceased membership | before 1 April 1998 | |
| Grant application for early payment of deferred benefits on or after the age 50 and before age 55 | 31(2) | (Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
| Waive on compassionate grounds the actuarial reduction applied to deferred benefits paid early | 31(5) & TPSch2 para 2 (1) | Employer name) will only exercise this discretion in exceptional circumstances and with the express permission of (Governors, Personal Sub Committee, CEO) after consideration of the financial implications of that decision |
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