Agenda item

This paper sets out recommendations relating to employers that have ceased in the Fund but have a deficit or surplus at the time that they are ceasing to be a participating employer.

This item includes nine appendices that contain exempt information. Discussion of the appendices will require passing the proposed resolution at the end of the agenda to exclude members of the public and press.

Eleanor Dennis (Head of Pensions) introduced the report which outlined the recommendations of the Actuary and Legal Advisor to pay exit credits or write off the deficits as detailed in the Exempt Appendix 1. 

RESOLVED

1.     The Committee resolved, under Section 100A (4) of the Local Government Act 1972, that the public and press be excluded from the meeting during the consideration of the following items of business, on the grounds that they contain the likely disclosure of exempt information, as defined in paragraph 3 of Schedule 12A of the said Act, and that the public interest in maintaining the exemption currently outweighs the public interest in disclosing the information.

2.     The Committee agreed to pay exit credits and write off the deficits as detailed in the exempt Appendix 1.