The Head of Finance and Risk introduced the report which requested that Members approve the budget for Merseyside Pension Fund for the financial year 2022/23.

Members queried that the proposed budget for public transport expenses was nearly double that of the current budget and it was explained that the budget took into consideration that public travel would likely resume and increase following covid restrictions being eased, although not back to pre-covid levels.

Resolved - That

(1) the budget for 2022/23 be approved, subject to review of charges from the administering authority for support services.

(2) a further report on the outturn for 2021/22 with finalised estimates, in particular for departmental & central support charges and any known changes in supplies and services for 2022/23 be received at a future meeting.