The Director of Finance reported upon an amendment to the Merseyside Pension Fund Funding Strategy Statement (FSS) to reflect updated advice on dealing with termination assessments on the cessation of an employer’s participation in the Local Government Pension Scheme (LGPS). He commented that the Pensions Committee on 22 September 2009 (minute 43 refers) approved the amended Funding Strategy Statement and the Department for Communities and Local Government had recommended that the FSS should also be agreed by the Cabinet of the Administering Authority.

Resolved – That the revised Funding Strategy Statement be approved.