Decision details
Merseyside Pension Fund Budget 2012/2013
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Decisions:
A report by the Deputy Chief Executive/ Director of Finance presented the Merseyside Pension Fund (MPF) budget for 2012/13. The budget had been agreed by the Pensions Committee at its meeting on 17 January 2012.
The Deputy Chief Executive/ Director of Finance estimated that during 2012/13 the MPF would pay £262.3m in pensions and receive £251.4m in contributions from employers and employees. The Fund had a value of £4,693m at 30 September 2011. he proposed administration costs of £15.7m including £10.3m of investment management charges to external managers represent a cost of £129.46 per member of the scheme. The investment management costs were approximately 0.22% of total assets.
RESOLVED:
That the content of the report be noted.
Publication date: 10/02/2012
Date of decision: 02/02/2012
Decided at meeting: 02/02/2012 - Cabinet
Effective from: 18/02/2012
Accompanying Documents: