Issue - meetings

The Committee received a presentation from Claire Mullen, Employer Relationship Team Manager, in respect of the following item.  Members asked a number of questions of Ms Mullen.

The Committee also had before it a report by the Director of Resources which sought approval for the draft Funding Strategy Statements for both the North East Scotland Pension Fund (NESPF) and the Aberdeen City Council Transport Fund (ACCTF) to allow the scheme actuary to sign off the 2017 triennial valuation and set the employer contribution rate requirements by the deadline of 31 March 2018.

The report recommended:-

that Committee –

(a)       approve the draft NESPF Funding Strategy Statement, including the proposed assumptions that had been recommended by the scheme actuary;

(b)       approve the draft ACC Transport Fund Funding Strategy Statement including the proposed assumptions that had been recommended by the scheme actuary;

(c)       approve the proposal to disaggregate the ‘Councils Group’ and the ‘Other Employers Group’ from 1 April 2018; and

(d)       note the remainder of the report.

The Committee resolved:-

(i)        to thank Ms Mullen for the informative presentation; and

(ii)       to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.