Decision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Reasons for decision – to support the reduction of the pension fund deficit in a financially advantageous way to both the General Fund and the Pension Fund.
Other options considered – as detailed in the report, the council also considered treating the deficit recovery payment as an investment, and also a ‘glide path’ approach which contributes additional money to the deficit recovery plan in earlier years and gives a less stark increase in later years.
Conflicts of interest / dispensations granted – none
Publication date: 02/09/2021
Date of decision: 02/09/2021
Decided at meeting: 02/09/2021 - Executive
Effective from: 08/09/2021