Issue - meetings
SUBMISSIONS FROM PENSION BOARD
Meeting: 30/06/2016 - Pensions Committee (Item 5)
SUBMISSIONS / REFERRALS FROM PENSION BOARD
Minutes:
An update was given informing the Committee of referrals made by the Pensions Board. The Committee heard that;
· An issue was raised by Pension Board Members about the performance of the Fund; its effect on the funding level and the consequential impact on the Council’s budget
· The Chair was asked by the Board to write to the Chair of the Pensions Committee on this subject and draw attention to the importance of regular Member attendance at the Committee and at training events so these issues can be fully understood and addressed as appropriate
· The Board were updated on developments with the London CIV. One issue that emerged was some concern over lack of representation of beneficiaries in the CIV and how the overall governance arrangements can be improved.