Decision details

Pensions Contributions

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes


To approve the contribution strategy for the Employer Pension Contributions for the three financial years 2023/24, 2024/25 and 2025/26.


The Cabinet:


1.1          Approved that the contribution strategy is based on the Pension Fund Actuary’s alternative strategy for the period 2023/24 to 2025/26.


1.2          Approved the upfront payment of the secondary element in advance (option 2B in the Cabinet report) in April 2023 and to update the Medium Term Financial Strategy for 2023/24 to 2025/26.


1.3          Noted that the MTFS for 2026/27 onwards will be based on the Actuary’s current preferred strategy and an upfront payment (option 1B in the Cabinet report).


Report author: Anthony Thomas

Publication date: 06/04/2022

Date of decision: 05/04/2022

Decided at meeting: 05/04/2022 - Cabinet

Effective from: 14/04/2022

Accompanying Documents: