Agenda item

Shared Cost Additional Voluntary Contribution Scheme

Minutes:

Decision:

 

That approval be granted for the Council to commission its tax advisor to support the development and implementation of a Shared Cost Salary Sacrifice Additional Voluntary Contribution Scheme, on a fixed cost basis of £6,750, to be funded from the existing budget position.

 

Reason for Decision:

 

To introduce a shared cost salary sacrifice additional voluntary contribution scheme to reduce the Councils costs and provide a benefit to employees who are members of the Local Government Pension Scheme.

 

Implementation of Decision:

 

The decision will be implemented after the three day call in period.

 

 

 

 

Supporting documents: