Issue - meetings

With reference to article 9 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.

The report provided an update on the Pension Fund staffing situation and the staff structure review, noting that a number of areas had been identified as requiring minor adjustments and some additional resources to address the stress being levied on services and to future proof the Fund, providing further succession planning, increased governance assurance, and the delivery of efficiencies in the long-term.  As a result, the Fund was seeking to add four additional posts.

The report also advised that officers were in discussion with Facilities Management at Aberdeen City Council in respect of any opportunity to relocate the Fund to more suitable accommodation, internally or externally to the Council.  It was noted that due to increasing numbers of staff and the requirement for a more secure environment, there was unfortunately no suitable internal space and therefore a report would be presented to a future meeting of the Committee to set out any alternative suitable opportunities.

The NESPF Data Quality Improvement Plan was also appended for approval. 

The report also provided updates in respect of the Government consultation on a Pensions Dashboard online service and the Firstbus proposal which had been discussed at the previous Committee meeting in November.

The report recommended:-

that Committee -

(a)      approve the additional posts of 3 x Senior Pensions Officer and 1 x Assistant Pensions Officer (as set out in section 3.9.3 of the report);

(b)      consider and approve the NESPF Data Quality Improvement Plan; and

(c)       note the updates to Scheme policy documents as part of the annual review.

The Committee resolved:-

to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.