Issue - meetings

Clwyd Pension Fund Update

Meeting: 25/09/2012 - Flintshire County Council (Item 72)

Decision:

That the update be noted.

Minutes:

The Head of Finance introduced an update on the following issues relating to the Clwyd Pension Fund:-

Local Government Pension Scheme (LGPS) 2012
Auto-enrolment
Welsh Pension Fund collaboration
Financial Update
Medium Term Plan

Councillor A.G. Diskin thanked the Head of Finance and Head of Pensions and Funds for preparing the report and proposed that the County Council note the update. This was seconded by Councillor G.H. Bateman.

Councillor W.O. Thomas asked if consideration had been given to collaborating with neighbouring Local Authorities. The Head of Finance explained that Pension Officers from across the eight Welsh Pension Funds were contributing to the Outline Business Case which would provide details on the optimal number of LGPS funds in Wales and the most appropriate organisational structure. A further update would be provided to Members in due course.

RESOLVED:

That the update be noted.