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Issue - meetings


Meeting: 15/12/2023 - Pensions Committee and Pension Board (Item 6)

6 Budget / Forecast 2023/2024 - PC/DEC23/BUD pdf icon PDF 206 KB

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The Committee had before it a report by the Director of Resources which set out the Management Expenses Budget/Forecast and projected spend 2023/24 for the North East Scotland Pension Fund (NESPF).


Members asked a number of questions on the report, particularly in relation to the staffing costs variance and a mismatch with the offset from vacant posts (page 20 of the agenda refers).


The report recommended:-

that the Committee note the update on the NESPF Management Expenses Budget/Forecast and projected spend 2023/24, shown in the main report.


The Committee resolved:-

(i)       to note that officers would consider the presentation of data in future reports to address the points raised in respect of the staffing costs; and

(ii)       to otherwise note the report.