A report by the Director of Finance presented the amended Funding Strategy Statement (FSS), reflecting updated advice received from the Actuary on dealing with arrangements for funding employer contributions and the revised Statement of Investment Principles (SIP) following completion of the 31 March 2010 actuarial valuation. The FSS had been agreed by the Pensions Committee on 16 November 2010.  It was presented to the Cabinet as best practice as recommended by the Department for Communities and Local Government.

RESOLVED:

That the revised Funding Strategy Statement be noted.