The Corporate Lead for HR & Organisational Development has submitted a report presenting for approval two revisions to the Council’s Flexible Retirement Policy.

The Board Member for Customer and Corporate Services will move the recommendations and the Chief Executive will be available to answer questions.

Recommendations

Council is recommended to:

1.    approve two revisions to the Flexible Retirement Policy (incorporated within the existing Pension & Retirement Options Statement attached at Appendix 1) with effect from 8th January 2016, namely:

a)    to permit employees to choose a ‘partial draw-down’ of benefits; and

b)    reduce the minimum level of salary/hours reduction from 40% to 20%

2.    authorise the Corporate Lead for HR & Organisational Development in conjunction with the Head of Law and Governance and Director for Organisational Development and Corporate Services to amend the policy from time to time in order to correct any factual or legal errors.

Council considered a report presenting for approval two revisions to the Council’s Flexible Retirement Policy.

Council resolved to:

1.    approve  two revisions to the Flexible Retirement Policy (incorporated within the existing Pension & Retirement Options Statement attached at Appendix 1) with effect from 8th January 2016, namely:

a)    to permit employees to choose a ‘partial draw-down’ of benefits; and

b)   reduce the minimum level of salary/hours reduction from 40% to 20%

2.    authorise the Corporate Lead for HR & Organisational Development in conjunction with the Head of Law and Governance and Director for Organisational Development and Corporate Services to amend the policy from time to time in order to correct any factual or legal errors.