Issue - meetings

With reference to article 9 of the minute of its previous meeting, the Committee had before it a report by the Pensions Manager which provided an update on any changes to the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund strategies.

The report contained information and updates on the review of Additional Voluntary Contributions, and the ‘soft closure’ of a small number of underperforming funds and addition of three new funds; a Local Government Pension Scheme Regulation update; parallel running; the proposed increase to the state pension age; an update on the Pension Fund staffing levels; an update on the percentage of annual benefit statements issued to members; an update on the EU General Data Protection Regulation and the implications for the Pension Fund; and an update on the year end / valuation process.

The report recommended:-

that the Committee note the report.

The Committee resolved:-

to approve the recommendation.

The Board resolved:-

to note the decision of the Committee.