Issue - decisions

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).