Issue - meetings

The Committee had before it a report by the Director of Resources which provided details of the 2020 triennial valuation for the North East Scotland Pension Fund including the proposed assumptions outlined in the Draft Funding

Strategy Statement.

The report recommended:-

that Committee –

(a)      agree the Funding Approach outlined in the 2020 Funding Strategy Statement including the assumptions used in the calculation of the Fund liabilities for the triennial valuation as at 31 March 2020; and

(b)      note the overall whole Fund valuation as at 31 March 2020 (using the proposed assumptions).

The Committee resolved:-

to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.