Issue - meetings

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.