Decision details

Draft Funding Strategy Statement

Decision Maker: Pension Fund Committee

Decision status: For Determination

Is Key decision?: No


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.


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.




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.


Report author: Colin Smith

Date of decision: 07/02/2020

Decided at meeting: 07/02/2020 - Pension Fund Committee

Accompanying Documents: