Consultation on changes to the Local Valuation Cycle and the Management of Employer Risk
Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
Purpose:
The Ministry of Housing, Communities and Local
Government are consulting upon changes to the Local Government
Pension Scheme regulations. in relation to the local valuation
process and the management of employer risk. .
Decisions:
The Committee considered a report on a Ministry of Housing, Communities and Local Government consultation on proposed changes to the Local Government Pension Scheme regulations in relation to moving from the current three year valuation cycle to a four year cycle with effect from 2024 together with issues concerning the management of employer risk.
Resolved: That the contents of the consultation, as set out in the report presented, are noted and members of the Committee are asked to forward any comments they may have on the proposed changes to the Head of Fund before the 12th July, 2019 so that they can be incorporated into a response which can be submitted before the 31st July, 2019 deadline.
Divisions Affected: (All Divisions);
Contact: Colin Smith Email: Colin.Smith@lancashire.gov.uk.
Report author: Colin Smith
Date of decision: 21/06/2019
Decided at meeting: 21/06/2019 - Pension Fund Committee
Accompanying Documents:
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