Issue - meetings
OPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS
Meeting: 22/02/2023 - Local Pension Board (Item 30)
PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS exempt appendix
Additional documents:
Minutes:
Resolved – That the exempt appendix be noted.
Meeting: 21/02/2023 - Pensions Committee (Item 30)
PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS exempt appendix
Additional documents:
Minutes:
Resolved – That the exempt appendix be noted.
Meeting: 21/02/2023 - Pensions Committee (Item 28)
28 PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS 
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Additional documents:
Minutes:
The Head of Finance and Riskfor Merseyside Pension Fund presented the report of the Director of Pensions which requested that Members approve the write off of £900,575.41 of irrecoverable rent arrears from the Fund’s property portfolio. It was noted that the annual property rental income for 2021/22 was £32.1 million; all possible actions had been taken to recover the debt; and the write off request was for three tenants that had gone into administration or liquidation. It was also noted that the position was exacerbated by the Covid-19 pandemic.
Resolved – That the write off of uncollectable property rental income of £900,575.41 be approved.