PART 2Administration
Strategies, statements and reports
Statements of policy about exercise of discretionary functionsC160
1
A Scheme employer must prepare a written statement of its policy in relation to the exercise of its functions under regulations—
a
16(2)(e) and 16(4)(d) (funding of additional pension);
b
30(6) (flexible retirement);
c
30(8) (waiving of actuarial reduction); and
d
31 (award of additional pension),
and an administering authority must prepare such a statement in relation to the exercise of its functions under regulation 30(8) in cases where a former employer has ceased to be a Scheme employer.
2
Each Scheme employer must send a copy of its statement to each relevant administering authority before 1st July 2014 and must publish its statement.
3
A body required to prepare a statement under paragraph (1) must—
a
keep its statement under review; and
b
make such revisions as are appropriate following a change in its policy.
4
Before the expiry of a month beginning with the date any such revisions are made, each Scheme employer must send a copy of its revised statement to each relevant administering authority, and must publish its statement as revised.
5
In preparing, or reviewing and making revisions to its statement, a body required to prepare a statement under paragraph (1) must have regard to the extent to which the exercise of the functions mentioned in paragraph (1) in accordance with its policy could lead to a serious loss of confidence in the public service.
6
In this regulation a relevant administering authority in relation to a Scheme employer, is any authority which is an appropriate administering authority for that employer's employees.