Issue - meetings

Funding Strategy Statement

Meeting: 08/06/2020 - Pension Fund Investment Sub-Committee (Item 4)

4 Funding Strategy Statement pdf icon PDF 131 KB

Additional documents:

Minutes:

Neil Buxton, Technical Specialist, Governance and Commissioning presented the report to the Committee confirming that the Funding Strategy Statement (FSS) focuses on how employer liabilities are measured, the pace at which these liabilities are funded, and how employers pay for their own liabilities.

 

The Committee noted that following an amendment to the Local Government Pension Scheme Regulations, the FSS (approved by the Sub-Committee at its meeting of 12 March 2020) requires amendment, to have appropriate regard to the issue of exit credits.  The amendment will ensure that exit credits are managed and present a minimal risk to the Pension Fund.

 

Resolved

 

The Sub-Committee approves the amended Funding Strategy Statement (FSS) as attached at Appendix 1.