Agenda item

With reference to Article 6 of the minute of its previous meeting, the Committee had before it a report by the Pensions Manager which provided an update on any changes to the North East Scotland Pension Fund and the Aberdeen City Council Transport Fund strategies.

The report contained information and updates onlate retirement factors; parallel running; overseas payments through Western Union; the Scottish Government consultation on a severance policy;a Pensions Administration Strategy Update; staffing updates; an update on training; information on any breaches of law; an update on the Scheme Advisory Board; information on the governance review; and employer updates in respect of any terminations from the Scheme.

The report recommended:-

that Committee –

(a)       note the report; and

(b)       approve the change in staff resources as stated in 3.6.1 of the report, namely the removal of a Pension Officer Technical post and the addition of a further Trainee Pension Officer Benefits post.

The Committee resolved:-

to approve the recommendations.

The Board resolved:-

to note the decision of the Committee.