Issue - meetings

The Committee had before it a report by the Director of Resources which presented the draft Pensions Administration Strategy (PAS) for approval.  The report advised that the PAS had been last approved in 2017 and therefore had been reviewed to bring it in line with current processes and requirements.  

The report noted that the underlying objectives of the PAS were as follows:

·       To provide high quality pension service delivery

·       Paying pensions and calculating benefits due accurately and on time

·       Good working relationships between the North East Scotland Pension Fund (NESPF) and its participating employers

·       Delivery of the Local Government Pension Scheme (LGPS) requirements in line with the scheme regulations and compliance  around the Codes of Practice put in place around service delivery and service standards.

The draft PAS set out how these objectives would be achieved with the Fund and the employers working together.

The report recommended:-

that the Committee approve the draft NESPF Pension Administration Strategy 2022 as attached at Appendix 1.

The Committee resolved:-

to approve the recommendation.