66.—(1) Each employing authority shall prepare a written statement of its policy in relation to the exercise of its functions under regulations—
(a)18(2)(e) and 18(4)(d) (additional pension contributions, funding of additional pension);
(b)31(6) (retirement benefits, flexible retirement);
(c)31(8) (retirement benefits, waiving of actuarial reduction); and
(d)32 (award of additional pension),
and the Committee shall prepare such a statement in relation to the exercise of its functions under regulation 31(8) (retirement benefits, waving reduction) in cases where a former employing authority has ceased to be an employing authority.
(2) Each employing authority shall send a copy of its statement to the Committee before 31st July 2015, and shall publish its statement.
(3) Each employing authority required to prepare a statement under paragraph (1), shall—
(a)keep its statement under review; and
(b)make such revisions as are appropriate following a change in its policy.
(4) Where an employing authority makes revisions to the statement as required by paragraph (3)(b) it shall before the expiry of one month beginning with the date upon which the revisions are made—
(a)send a copy of the revised statement to the Committee; and
(b)publish the revised statement.
(5) In preparing, or reviewing and making revisions to its statement, the employing authority required to prepare a statement under paragraph (1) shall consider whether and to what extent the exercise of any of the functions set out in paragraph (1), in accordance with that statement, might lead to a serious loss of confidence in the public service.