(1)The first financial year for which the Panel must publish an annual report under section 145 is the financial year beginning 1 April 2012.
(2)The report for that financial year (“the first annual report”) must be published no later than 31 December 2011.
(3)The first annual report must specify—
(a)the relevant matters,
(b)the amounts set under section 142(3),
(c)the proportion determined under section 142(4 ),
(d)the members of relevant authorities to or in respect of whom relevant authorities will be required to pay a relevant pension, and
(e)the relevant matters in respect of which a relevant pension is payable.
(4)After publishing the first annual report but before publishing the second annual report, the Panel may publish one or more supplementary reports.
(5)A supplementary report under this section may vary the provision made in the first annual report for the purposes of subsection (3)(a), (b), (c), (d) or (e).
(6)In preparing a supplementary report under this section, the Panel must take into account—
(a)the first annual report and any supplementary reports relating to it, and
(b)the representations the Panel received about the reports referred to in paragraph (a).
(7)Before publishing the first annual report or a supplementary report under this section, the Panel must—
(a)send a draft to
(i)the Welsh Ministers,
(ii)those relevant authorities which are required or authorised by the Panel to make payment to their members in respect of relevant matters, and
(iii)such other persons as the Panel considers appropriate,
and,
(b)take into account the representations it receives about the draft.
(8)The provisions of the first annual report or a supplementary report under this section come into force on the date specified for that purpose in the report; but the report may not specify a date earlier than the last day of the period of three months beginning with the day after the date of publication.
Commencement Information
I1S. 146 in force at 31.8.2011 by S.I. 2011/2011, art. 2(g)