Issue - meetings

FUNDING STRATEGY STATEMENT - REGULATORY UPDATES

 

 

Meeting: 12/01/2021 - Pensions Committee (Item 185)

185 FUNDING STRATEGY STATEMENT - REGULATORY UPDATES pdf icon PDF 403 KB

Report and appendix attached.

Additional documents:

Minutes:

The report put before the Committee outlined to members the updated Funding Strategy Statement.

It was noted that the Statement was last updated in December 2019 and had been updated to reflect regulation changes in regard to permitting the fund to determine amount of exit credits payable to an employer leaving the LGPS and, enables deferment of exit payments in return for a deferred debt agreement, to obtain revised employer rates and the ability for employers to spread exit payments. Members noted the changes went out for consultation and no comments were received.

The Committee:

  1. Agreed the updated Funding Strategy Statement attached as Appendix A which reflected the changes set out in regulations.