Each employer is required to formulate, publish and keep under review a policy statement on a number of Local Government Pension Scheme (LGPS) discretions, as follows:
- To voluntary fund an Additional Pension through a Shared Cost Additional Pension Contribution (SCAPC) policy, by a one off lump sum payment or a regular ongoing contribution.
- Flexible Retirement.
- Waiving all or part of any Actuarial Reduction.
- Award an Additional Pension, at whole cost to the Employer.
- To apply the 85 year rule on Voluntary Retirements between age 55 and age 60, at whole cost to the Employer.