Decision details
The Application of Transition and Postponement Arrangements to Pension Auto-Enrolment (General Exception)
PDF 33 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Decision:
The Executive Meeting considered a report on the implications of the Pensions Act 2008 and specifically the requirement for employees to be automatically enrolled onto pension schemes. The Executive has recommended that the Council Meeting agree to apply the Transitional Delay and Postponement provisions of the Pensions Act 2008 and February 2012 Regulations as the most cost effective means for the Council to secure compliance with pension auto-enrolment.
Alternative options considered:
None
Interests and Nature of Interests Declared:
None
Equality and/or Environmental Impact Assessment: No
Decision Reference: ED1473
Declarations or conflicts of Interest: The impact on the existing HR/Payroll practice and workload for the Council resulting from the introductionof Regulations requiring all employees to automatically enrol their employees on a Pension Scheme would have an immediate and signicant impact on the Council and delaying the decision on the application of transitional and postponement arrangements whoud have a detrimental impact on the Council's resources and on the introduction of new Payroll functions.
Forward Plan Reference: The introduction of Regulations requiring all employees to automatically enrol their employees on a Pension Scheme is due to come into affect from 1 April 2013. This requirement would have an immediate significant impact on the Council and also impact on the existing HR/Payroll practice and workload for the Council. Delaying the decision on the possible application of transitional and postponement arrangement would have a significant and detrimental impact on the Council's resources and on the introduction of new Payroll functions. The Council Meeting will be asked to approve the decision at its meeting on 14 February 2013 and the Corporate, Resource Management & Governance Scrutiny Committee will be considering the matter on 28 January 2013.
Contact: Laureen Donnan, Chief Executive's Office Email: laureen.donnan@stockport.gov.uk Tel: 0161-474-3180.
Urgent item?: Yes
Publication date: 05/02/2013
Date of decision: 04/02/2013
Decided at meeting: 04/02/2013 - Executive
Accompanying Documents: