Pensions Line - August 2021

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August 2021

Data Quality and Monthly Interfaces

We are making good progress with our data quality exercise and would just like to remind employers who have completed it that they should now be sending in monthly interfaces. Please take a look at our Employer Interfacing Guide for more information. The Employer and Communications team are also here to help you if required, email finance.peninsulaemployers-mailbox@devon.gov.uk.

Website update

We have recently updated our website to include information for scheme members regarding TUPE transfers TUPE Transfers - Implications for LGPS Members - Peninsula Pensions.

Update

Discretions Policies

We would like to remind employers that Regulation 60 of the LGPS 2013 Regulations requires you to set out your policy in the exercise of discretions covering the following: 

(a)

16(2)(e) and 16(4)(d) (funding of additional pension);

(b)

30(6) (flexible retirement);

(c)

30(8) (waiving of actuarial reduction); and

(d)

31 (award of additional pension),

Furthermore employers should keep the policy under regular review.     

A copy of the policy/revised policy must be published and sent to the administering authority within one month of its agreement.

More information on discretions can be found on our website.


Annual Benefits Statements

The 2021 personal benefit statements for all scheme members are now available to view through the Member Self Service portal. For members who receive a postal version, their statement should arrive by 31st August.

Keep us updated

Please remember to keep us updated with any changes in staff responsible for completing our forms (authorised signatories). This can be done by completing our online form.

You can also use this form to notify us of your IDRP Stage 1 Appeals Officer, your Payroll Provider, your contact for Interfaces and to sign up to our employer newsletter Pensions Line


Change of Payroll Provider & Provision of Data

It is important that you contact the Employer & Communications Team if you are changing your payroll provider. We can then work with you to ensure you put processes in place to retain access to historical payroll information and continue to fulfil your responsibilities as a Scheme employer.


Payment of Pension Fund Contributions

Please remember to inform us and the relevant Finance team each time you have paid your pension scheme contributions, by filling in the Monthly Contributions Form. If we receive the returns right away with the payments and they are correct, it makes the process so much easier. Please ensure that you build this form into your procedures.

If you are a Somerset Pension Fund employer, please contact the Corporate Finance Team for a copy of the Monthly Contribution Return: Corporatefinancepens@somerset.gov.uk

If you are a Devon Pension Fund Employer, you will need to use the online EAS5 form


TUPEs & New Academies

If you are outsourcing services and have a number of staff who will be subject to TUPE and moving to a new employer or your school is converting to an Academy or moving MAT, please do not submit any leaver forms as this will complicate the process – instead there is a staff data capture spreadsheet you can complete on our website.


Contacts

Employer & Communications Team


Quick links

Employer Services (ESS) Guide

Peninsula Pensions Employers' Pages

Peninsula Pensions Employers' Guide

LGPS regulations and guidance

Fund Investments

LGPS National Website


Newsletters

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