Issue - meetings

With reference to article 14 of the minute of its previous meeting, the Committee had before it a report by the Director of Resources which provided an update on any changes to the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund strategies and sought approval for amendments to the Scheme policy documents.

The report contained information and updates on an enhanced administration to payroll module which provided a more streamlined and secure process of passing pensioner data from the administration to payroll system; the Local Government Pension Scheme (Scotland) Regulations 2018 which were expected to come into force from 1 June 2018; the consultation on the LGPS Structure Review; breaches of law; pension fund staff training; and the 2018 Administration Forum to be held on 4 July 2018 at the Beach Ballroom.

The report also highlighted revisions which had been made to the following Scheme policies:-

·         Governance Policy

·         Communication Policy

·         Myners Compliance Statement

·         Training Policy

·         Reporting Breaches of Law Policy

·         Record Keeping Requirements Policy; and

·         the new Data Protection Policy

The report recommended:-

That Committee review and approve the Scheme policy document updates as set out in the report at section 3.9.1.

The Committee resolved:-

(i)            to request that officers prepare a report for a future meeting of the Committee in respect of engagement and the work of the LAPFF;

(ii)          to note that officers would update the Committee on the discussion in respect of the LGPS Structure Review;

(iii)         to note that officers would provide information outwith the meeting on the guidance given to participating employers in 2015 to help them to put together their discretions policy following the change of regulations; and

(iv)         to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.