Issue - meetings

To receive a report from the Director of Finance, Resources & Customer Services regarding the introduction of a new pension governance structure, for implementation with effect from 1 April 2015.            (Report No.207)

Members are asked to note that the report was considered and recommended on to Council in order to approve the changes required to the Constitution, by the Members & Democratic Services Group on 18 February 2015.  Council is therefore being asked to approve the establishment of a Pension Board and a Pension Policy and Investment Committee, as detailed within the report.

RECEIVED a report from the Director of Finance, Resources and Customer Services (No: 207) regarding the introduction of a new pension governance structure, for implementation with effect from 1 April 2015.

NOTED that the report had been considered and recommended on to Council by the Members and Democratic Services Group on 18 February 2015, in order to approve the changes required to the Constitution,. 

AGREED to approve the establishment of the Pension Board and Pension Policy and Investment Committee with the terms of reference as set out in Appendices 1 and 2 of the report and to amend the Council’s Constitution accordingly.

The Leader of the Opposition asked for all members of the Opposition Group present at the meeting to be recorded as voting against the above decision, given concerns relating to the composition of the Local Pension Board.

Councillors Maguire and Stewart declared a Disclosable Pecuniary Interest in this item.  As the matter was dealt with under the guillotine procedure they did not withdraw from the meeting but took no part in the decision made on the report.