Decision details

To terminate participation of Taylor Shaw (Rawmarsh Ashwood), effective 12/02/2024.

Decision Maker: Assistant Director - Pensions

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decision:

To terminate participation of Taylor Shaw (Rawmarsh Ashwood), effective 12/02/2024.

Reasons for the decision:

Financial: In accordance with the statutory requirement under the LGPS Regulations 2013, SYPA has commissioned the actuary to the Fund to undertake an assessment of liabilities upon crystallisation of the Agreement (a “termination certificate”).

The actuary determined a Surplus of £24,000.00. the fund has determined a payment of £1,824.86 less actuarial fees of £1,446.00 including VAT, Balance £378.86 payable to Taylor Shaw.
HR: None
ICT: None
Procurement: None

Alternative options considered:

Finance Signatory: GT
Finance Date: 19/09/2024
HR Signatory: SB
HR Date: 19/09/2024

Publication date: 10/10/2024