Minutes:
J Taylor, Scheme Member representative explained that since retiring as a former Assistant Director, he had been drawing his pension over the last 27 years, noting contributions rates of around six percent when he was paying into the scheme. He noted that payments were always on time and always included the relevant uplifts over time. He noted the huge amount of work undertaken by the Pensions Team and thanked them for ensuring that pensioners were paid on time and that all were looked after in terms of any queries. The Chair noted it was always important to hear from scheme members and pensioners and to reflect on the reason why the Pension Fund existed, and for the Committee to always be mindful of this when making decisions.
Councillor C Varty explained that she had found it incredibly helpful and informative to attend the BCPP Conference and thanked the Chair for the opportunity to attend, and Officers for making the necessary arrangements. The Chair thanked Members who had attended the Conference, adding he felt the Durham Fund had been well represented with a strong delegation at the event.