Lancashire County Pension Fund 2019/20 Budget
Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
One year Fund budget for the year ending 31
A report was presented on the one year budget for the Lancashire County Pension Fund for the year ending 31st March, 2020, which forecast that the net income available for investment (before accounting for changes in the market value of investments during the year) would be £13.3m.
In considering the report the Committee noted that following a review the level of recharges to the County Council had been increased in recognition of the increased use of Legal Services. The forecast reduction in contribution income from employers as a result of the accounting treatment of amounts paid in advance was also discussed and the reduction in property expenses set out in the budget was welcomed.
Resolved: That the Lancashire County Pension Fund budget for the year ending 31st March 2020, as set out in Appendix 'A' to the report presented, is approved.
Report author: Helen Gallacher
Date of decision: 29/03/2019
Decided at meeting: 29/03/2019 - Pension Fund Committee