Issue - meetings
Work Plan Update for 2017/18
Meeting: 29/11/2017 - Pensions Committee (Item 6)
6 Work Plan Update for 2017/18 PDF 92 KB
Additional documents:
Minutes:
Bola Tobun, Investment and Treasury Manager presented a report which outlined the Work Plan for the Council’s statutory function as the administering authority of the London Borough of Tower Hamlets Pension Fund.
Under the Local Government Pension Scheme (LGPS) Regulations, the Council is required to maintain a Pension Fund for its employees and other scheduled bodies as defined in the Regulations. The Regulations also empower the Fund to admit employees of other defined (e.g. other public bodies, housing corporations) bodies into the Fund.
The work plan for the authority has been put together to assist in the management of the Fund, so that the Council is able to perform its role as the administering authority in a structured way. The Work Plan is not intended to cover all aspects of Pension Fund administration; rather it is designed to assist with meeting part of its delegated function as administering authority to the Fund.
The Pension Committee is charged with meeting the duties of the Council in respect of the Pension Fund. Therefore it is appropriate that the Committee formally adopts a work plan to assist with the discharge of its duties.
Members welcomed their Work Plan and commented that members on the Pensions Committee were reasonably experienced and that it would be prudent to make a number of decisions at their next meeting and also to obtain a steer on the future of the Fund and investments.
RESOLVED
That the contents of this report be noted