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Issue - meetings

Pensions Contributions

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Meeting: 05/04/2022 - Cabinet (Item 4.)

Pensions Contributions

Additional documents:

Pensions Contribution Report, item 4. PDF 404 KB

Decision:

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).