58.—(1) A Scheme employer must prepare a written statement of its policy in relation to the exercise of its functions under regulations—
(a)16(2)(e) and 16(4)(d) (funding of additional pension);
(b)29(6) (flexible retirement);
(c)29(8) (waiving of actuarial reduction); and
(d)30 (award of additional pension),
and an administering authority must prepare such a statement in relation to the exercise of its functions under regulation 29(8) in cases where a former employer has ceased to be a Scheme employer.
(2) Each Scheme employer must send a copy of its statement to each relevant administering authority before 1st July 2015 and must publish its statement.
(3) A body required to prepare a statement under paragraph (1) must—
(a)keep its statement under review; and
(b)make such revisions as are appropriate following a change in its policy.
(4) Before the expiry of a month beginning with the date any such revisions are made, each Scheme employer must send a copy of its revised statement to each relevant administering authority, and must publish its statement as revised.
(5) In preparing, or reviewing and making revisions to its statement, a body required to prepare a statement under paragraph (1) must have regard to the extent to which the exercise of the functions mentioned in paragraph (1) in accordance with its policy could lead to a serious loss of confidence in the public service.
(6) In this regulation a relevant administering authority in relation to a Scheme employer, is any authority which is an appropriate administering authority for that employer’s employees.