Agenda item

Consideration was given to the report of the Corporate Director, Resources which informed Members of the overall value of the Pension Fund as at 30 June 2015, and of any additional sums available to the Managers for further investment or amounts to be withdrawn from Managers (for copy see file of Minutes).

Councillor Martin referred to Appendix 1 of the report and noted a transaction in ‘other contributions’ of £7m. Don McLure, Corporate Director, Resources advised that this was a payment from Durham Constabulary’s cash reserves to reduce deficit payments.

Resolved:

That the information contained in the report be noted.