Appendix 5 EXAMPLE LETTER OF AUTHORISATION Pension Manager Lothian Pension Fund City of Council Level 3:3 EH8 8BG Dear Sir CONFIRMATION OF APPROVAL OF FLEXIBLE RETIREMENT The employee named below has been granted retirement in accordance with the on council’s Policy Flexible Retirement. Name: Employee’s NI Number: Select option as appropriate * *1. Flexible retirement has been agreed by the Director on behalf of the council on the basis of a reduced working week of hours per week with effect from ……… ……. *2. Flexible retirement has been agreed by the Director on behalf of the council on the basis of a reduction in salary grade to per annum on WLC grade spinal column point ………… ……. with effect …… from……… *3. The council is agreeing/not agreeing to waive any actuarial reduction applied to pension benefits. *4 The employee wishes to cease payment of pension contributions with effect from the date of retirement. *5 The employee wishes to continue payment of pension contributions from the date of retirement. The full-time equivalent salary is and the members contribution rate is £………… …….%. Yours faithfully Depute Chief Executive
Appendix 5 EXAMPLE LETTER OF AUTHORISATION Pension Manager Lothian Pension Fund City of Council Level 3:3 EH8 8BG Dear Sir CONFIRMATION OF APPROVAL OF FLEXIBLE RETIREMENT The employee named below has been granted retirement in accordance with the council’s Policy on Flexible Retirement. Employee’s Name: NI Number: Select option as appropriate * *1. Flexible retirement has been agreed by the Director on behalf of the council on the basis of a reduced working week of ……… hours per week with effect from ……. *2. Flexible retirement has been agreed by the Director on behalf of the council on the basis of a reduction in salary grade to ………… per annum on WLC grade ……. spinal column point …… with effect from……… *3. The council is agreeing/not agreeing to waive any actuarial reduction applied to pension benefits. *4 The employee wishes to cease payment of pension contributions with effect from the date of retirement. *5 The employee wishes to continue payment of pension contributions from the date of retirement. The full-time equivalent salary is £………… and the members contribution rate is …….%. Yours faithfully Depute Chief Executive
FlexibleRetirementManager'sGuide1.docx