Issue - meetings

That an addition to the Constitution, as outlined in Appendix 2 to the report, to introduce a local Pension Board for the Clwyd Pension Fund as required by the Public Service Pensions Act and LGPS Regulations to assist with ensuring compliance with regulations and to achieve efficient and effective governance, be agreed.

The Chief Officer (People & Resources) introduced the report to propose the creation of a local Pension Board for the Clwyd Pension Fund, pursuant to a recommendation to Constitution Committee and to comply with recent changes in legislation.

The background information to the report detailed the key elements from the regulations for the establishment of a local Pension Board by no later than 1 April 2015.  Where a pension committee already existed within a Council, there was an option to have a combined pension committee and Pension Board, however this could only be achieved through approval by the Secretary of State due to the legal implications.  It was therefore expected that Councils would be required to create a separate local Pension Board, as recommended in the report.  Appended to the report were the proposed structure showing how the Board would fit, along with a proposed protocol previously agreed by the Constitution Committee, setting out how the Pension Board would be established and operated.  The Democracy & Governance Manager and Head of Pensions & Funds had both been involved in the drafting of the proposal from the Constitution Committee.

Councillor Robin Guest moved the recommendations in the report and this was seconded by Councillor Chris Bithell.  On being put to the vote, this was carried.

RESOLVED:

That an addition to the Constitution, as outlined in Appendix 2 to the report, to introduce a local Pension Board for the Clwyd Pension Fund as required by the Public Service Pensions Act and LGPS Regulations to assist with ensuring compliance with regulations and to achieve efficient and effective governance, be agreed.