Draft Funding Strategy Statement
Decision Maker: Pension Fund Committee
Decision status: For Determination
Is Key decision?: No
Purpose:
The report contains a draft Funding Strategy
Statement which the Lancashire County Pension Fund is required to
produce under the terms of the Local Government Pension Scheme
Regulations to support the current on-going valuation of the
Fund.
Decisions:
A report was presented on the draft Funding Strategy Statement for the Lancashire County Pension Fund which was being developed in consultation with the Actuary following discussions with employers within the Fund, employer groups and the Lancashire Local Pension Board. The Chair referred to the pre meeting briefing on the Actuarial Valuation and informed the meeting that after many years' service by Mr J Livesey from Mercers had announced his intention to retire.
Resolved:
1. That members of the Committee place on record their thanks to Mr Livesey for his valuable contribution to the work of the Committee over the years and wish him well for his retirement.
2. That the contents of the draft Funding Strategy Statement, as set out at Appendix ‘A’ to the report presented, are noted and that a final version of the Statement be presented to the Committee in March 2020 for approval.
Divisions Affected: (All Divisions);
Contact: Colin Smith Email: Colin.Smith@lancashire.gov.uk.
Report author: Colin Smith
Date of decision: 07/02/2020
Decided at meeting: 07/02/2020 - Pension Fund Committee
Accompanying Documents:
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