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Decision details

Pension Fund Deficit Payments

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

AGREED RECOMMENDATIONS

 

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

Accompanying Documents: