Issue - meetings

The Committee had before it a report by the Director of Resources which set out the Audited Annual Report and Accounts for the North East Scotland Pension Fund (NESPF) for consideration and signing.

The Committee heard from Mr Belford in respect of the report.  Mr Belford stated that he wished to record his thanks to the NESPF team and to External Audit for the work undertaken in the production of the annual report and accounts.

Members asked a number of questions of officers.

The report recommended:-

that the Committee –

(a)      consider and approve the Audited Annual Report and Accounts for the North East Scotland Pension Fund; and

(b)      instruct the Chief Officer – Finance, as the Local Government (Scotland) Act 1973 – Section 95 Officer, to sign the accounts on behalf of the Fund.

The Committee resolved:-

(i)       to note that officers would provide Members with a review of staffing levels and costs over recent years, including what a full complement of staff might mean for cost increases or otherwise in future years;

(ii)       to request that officers provide Members with the staffing structure of the NESPF broken down by areas of work; and

(iii)      to approve the recommendations.