Agenda
PDF 214 KBVenue: Committee Room 3, Crowndale Centre, 218 Eversholt Street, London, NW1 1BD. View directions
Contact: Lorraine Jones Principal Committee Officer
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Apologies |
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Declarations by Members of Pecuniary, Non-Pecuniary and any Other Interests in respect of Items on this Agenda |
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Announcements (if any) |
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Notification of any Items of Business that the Chair Decides to take as Urgent |
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To approve and sign the minutes of the meeting held on 10th October 2019.
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Pension Board Update Report Report of the Executive Director Corporate Services
The Pension Board has responsibility for assisting the Pension Committee in ensuring compliance with the Scheme Regulations, other legislation relating to governance and administration, and the requirements of the Pension Regulator. The Pension Board must also ensure the effective and efficient governance and administration of the scheme. This report summarises the items presented and decisions made at the Pension Committee meetings on 26 November 2019 and 3 March 2020.
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Climate Change funding impacts Report of the Executive Director Corporate Services
This report updated Pension Committee on the analysis of the actuary on the Fund’s liabilities and funding level for differing climate change scenarios and demonstrates the significant impact climate change can have on the Fund. Pension Committee noted the contents of the report.
Additional documents: |
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Prepayment of Secondary Contributions Report of the Executive Director Corporate Services
This report to Pension Committee followed on from a report in November 2018 and sets out phase two of a proposal from the Council, as the major employer in the Fund, to prepay its secondary contributions early for 2020-2023. Pension Committee agreed the recommendations of the report and agreed a further recommendation on the night to delegate authority to the Executive Director Corporate Services in consultation with the Chair of Pension Committee to determine which asset class to invest these monies into after taking advice from the Investment Consultant and Independent investment adviser.
Additional documents: |
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Report of the Executive Director Corporate Services
This report to Pension Committee presented the results of an exercise to estimate the Fund’s maturity (the balance between benefits paid and contributions received). When payments exceed receipts the Fund is considered to be mature. The Pension Committee noted the contents of the report.
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Dates of Future Meetings The provisional dates for meetings of the Pension Board in the 2020-2021 Municipal Year are set out below:
Thursday, 8th October 2020 Tuesday, 16th March 2021
These meeting are scheduled to start at 4.00 p.m.
The Council will be asked to formally agree the Calendar of meetings for the 2020-2021 Municipal Year at its meeting on 15th May 2020. All meeting dates avoid major religious holidays and party conferences.
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Any Other Business that the Chair considers Urgent |