Agenda item

The Committee considered a report of the Corporate Director of Resources which informed Members of the draft of the revised Funding Strategy Statement which has been out to consultation with Durham County Council Pension Fund employers (for copy see file of Minutes).

The Head of Pensions (LGPS) noted that the existing Funding Strategy Statement had previously been agreed by the Committee and noted that there was a requirement consultation with participating employers.  He noted that following such consultation there had been no feedback received.

Resolved:

a)   That the report and to advise of any comments they may have on the draft Funding Strategy Statement and Employer Flexibilities Policy set out in the appendices to this report be noted, and;

b)   That the Corporate Director of Resources be authorised to finalise the wording of the Funding Strategy Statement and Employer Flexibilities Policy.