Decision details

A report was presented in relation to the revised Funding Strategy Statement (FSS) which incorporated the requirements set out in the Fund's Investment Strategy Statement.

In considering the report the Committee recognised the tensions which existed between contribution levels from employers and the Committee as the holder of the Fund for beneficiaries. It was reported that the key elements of the revised FSS had been communicated to employers and discussions were ongoing with individual employers in relation to the options available to them in relation to debt recovery.

Resolved: That the revised Funding Strategy Statement, as set out in Appendix 'A' to the report presented, is approved.