Issue - meetings

2019 Triennial Valuation Update and Funding Strategy Statement

 

 

Meeting: 21/11/2019 - Pension Fund Committee (Item 7)

7 2019 Triennial Valuation Update and Funding Strategy Statement pdf icon PDF 288 KB

Minutes:

Mr George Bruce introduced the item explaining that the Actuary continued to review the valuation data with no results currently available.   

 

Councillor Alison Moore outlined her concerns at the triennial valuation delay and the time available to discuss the results.   Councillor Marshall noted that historically there had been an issue with external data.  

 

Resolved

 

1. That the Pension Fund Committee noted the comments made in respect to the 2019 triennial valuation timetable.

2. That the Pension Fund Committee delegate authority to the Director of Finance to consult on the draft Funding Strategy Statement with employers and the Local Pension Board.

3. That the committee requested that the next meeting taking place on 26 February 2020 be moved to earlier in the month in order for the committee to consider the Triennial Valuation data.