Agenda item

The Committee considered a report of the Corporate Director of Resources (Interim) which informed Members of the draft of the revised Funding Strategy Statement (FSS) which is currently out to consultation with Pension Fund employers (for copy see file of Minutes).

Councillor J Shuttleworth referred to paragraph 76 within the draft FFS and asked regards the case of a negative interest rate.  The Pensions Manager noted that if structural or long-term, then Advisors would give a view, however, if short-term then this would not be an issue in respect of the long-term strategy.

The Committee having considered the draft FSS and appendices Resolved:

That the report be noted and the Corporate Director of Resources (Interim) be authorised to finalise the wording of, and publish the FSS; and to expand the existing Exits Policy in respect of employer flexibilities, taking into account where appropriate both professional advice as well as comments received from employers.