Regulation 58 Statements of policy about exercise of discretionary functions

(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)

29(7) (flexible retirement);

(c)

29(9) (waiving of actuarial reduction); and

(d)

30 (award of additional pension),

and an administering authority must prepare such a statement in relation to the exercise of its functions under regulation 29(9) 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 2015 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.