Issue - meetings

The Committee had before it a report by the Director of Resources which proposed recommendations in respect of changes to the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund strategies.

The report recommended:-

that Committee –

(a)      approve the use of Headroom Limits (as detailed at section 3.1 of the report), to approve an increase to Headroom Limits to 15% (of the total Fund) in accordance with regulation 14(3) and item 3 of Part 1 of Schedule 1 of the regulations; and

(b)      approve in principle the proposal set out in section 3.2 of the report.

The Committee resolved:-

(i)        to approve recommendation (a); and

(ii)       to instruct officers to continue dialogue in respect of the proposal set out in section 3.2 of the report, and report back to the Committee on 15 March 2019.

The Board resolved:-

to note the decision of the Committee.

-     COUNCILLOR M. TAUQEER MALIK, Convener