Issue - decisions
Pension Fund Deficit Payments
02/09/2021 - Pension Fund Deficit Payments
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