The Director, West Yorkshire Pension Fund, will present a report

(Document “C”) which informs Members that, in accordance with the

Public Service Pensions Act 2013, from April 2015 all Public Service

Pension Schemes  come under the remit of the Pensions Regulator.

Section 70 of the Pensions Act 2004 (the Act) imposes a requirement to report a matter to the Pensions Regulator as soon as it is reasonably

practicable where that person has reason to believe that:

(a)  A legal duty relating to the administration of the scheme has not been or is not being complied with, and

(b)  The failure to comply is likely to be of material significance to The Pensions Regulator in the exercise of any of its functions.

A register of any Breaches of Law is, therefore, maintained in accordance with the Pensions Regulators requirements and WYPF Breaches Procedure. 

Recommended –

That the entries on the Register of Breaches of Law be noted. 

(Caroline Blackburn – 01274 434523)

Resolved –

That the entries on the Register of Breaches of Law be noted.

ACTION: Director, West Yorkshire Pension Fund

The Director, West Yorkshire Pension Fund, presented a report

(Document “C”) which informed Members that, in accordance with the

Public Service Pensions Act 2013, from April 2015 all Public Service

Pension Schemes came under the remit of the Pensions Regulator.

Section 70 of the Pensions Act 2004 (the Act) imposed a requirement to report a matter to the Pensions Regulator as soon as it was reasonably

practicable where that person had reason to believe that:

1.    A legal duty relating to the administration of the scheme had not been or was not being complied with, and

2.    The failure to comply was likely to be of material significance to The Pensions Regulator in the exercise of any of its functions.

A register of any Breaches of Law was, therefore, maintained in accordance with the Pensions Regulator’s requirements and WYPF Breaches Procedure. 

The report revealed that the entries on the Register related to the late payment of contributions and Annual Benefit Statements which had not been issued by 31 August 2019.

It was confirmed 99.6% of Annual Benefit Statements had been issued on time.

The majority of outstanding payments from employers had been due to operational issues i.e. the officer had been absent from work and not able to pay.  Payments had been chased up and all had been received.   Assurances were provided that employers were closely monitored.  Records of each employer who failed to make payments were maintained along with details of the number of late payments. 

It was explained that some requests to delay deficit payments had been received but these were very few and were not felt to be a major issue.

Resolved –

That the entries on the Register of Breaches of Law be noted.

ACTION: Director, West Yorkshire Pension Fund