Each year the Avon Pension Fund Committee reports on its activities to Bath & North East Somerset Council. The report for the year ending 31 March 2015 was presented at the Council meeting on 16 July 2015. The report covers the scope of the work considered by the Committee during the year and the decisions taken as well as the training undertaken by the Committee members. It also highlights the future work programme of the current committee.
Latest news & announcements
There are amendments to the LGPS which came into force on the 11 April 2015. The amendments are in the following areas:
- Joining the Scheme
- 50/50 section
- Buying back lost pension
- Opting out of the LGPS
- Reductions in hours due to ill health
- Payments of pension to a child
Over recent months there has been a great deal of information in the media and elsewhere about the Government's announcement in the 2014 Budget that reforms to workplace pensions would be made, effective from 6 April 2015. These reforms offer greater flexibility (‘Freedom and Choice’) in the way individuals aged 55 and over can access any Defined Contribution (DC) pension savings they may have.