Pensions

Eligible councillors may join the Local Government Pension Scheme. In order to be eligible, a councillor must be under age 70 and be recommended for membership by the Council's Independent Remuneration Panel. Membership can be offered retrospectively to 1 May 2003, or any point in the future. Membership is not automatic. Councillors must opt into the pension scheme. The rate of contribution is 6% and the normal employer's contribution rate for each employer will apply - there will be no separate rate for councillors.

A councillor's pay in any one year comprises (a) the basic allowance and (b) any special responsibility allowance payable under the regulations; pension benefits will be calculated by reference to career average pay not final salary; the retirement age for a councillor will be age 70; and councillor membership will not count towards calculating any other period of local government employment/Local Government Pension Scheme membership. An eligible councillor will be able to contribute to AVCs to enhance his/her pension benefits where appropriate.

Subject to any necessary discussions with Surrey County Council, and any other enabling arrangements, this scheme provides that all qualifying members shall be offered entry into the pension scheme.