Agenda

Venue: Council Chamber - Birkenhead Town Hall. View directions

Contact: Mike Jones 

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Items
No. Item

1.

WELCOME AND INTRODUCTION

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2.

APOLOGIES

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3.

Members' Code of Conduct - Declarations of Interest

Members of the Committee are asked to declare any disclosable pecuniary and non pecuniary interests, in connection with any item(s) on the agenda and state the nature of the interest.

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4.

Minutes pdf icon PDF 76 KB

To approve the accuracy of the minutes of the meeting held on 29 November 2021 and 23 February 2022, attached.

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5.

PUBLIC QUESTIONS

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5a

Public Questions

Members of the public who are residents of the Borough, or are a representative of a local firm or organisation, may ask questions of the Leader or Deputy Leader of the Council or the Chair of any Policy and Services Committee or a leader of a political group at ordinary meetings and, at the discretion of the Mayor, extraordinary meetings of the Council.  If the question relates to any matter within the terms of reference of the Pensions Committee, any member of the public who is a member of the Local Government Pension Scheme in Merseyside or who ordinarily resides within the boundaries of the local authorities which are Scheme Employers, may put the question to the Chair of the Pensions Committee.

 

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5b

Statements and Petitions

Petitions may be presented to the Committee if provided to Democratic and Member Services no later than 10 working days before the meeting, at the discretion of the Chair. The person presenting the petition will be allowed to address the meeting briefly (not exceeding three minute) to outline the aims of the petition. The Chair will refer the matter to another appropriate body of the Council within whose terms of reference it falls without discussion, unless a relevant item appears elsewhere on the Agenda. If a petition contains more than 5,000 signatures, it will be debated at a subsequent meeting of Council for up to 15 minutes, at the discretion of the Chair. Please give notice of petitions to committeeservices@wirral.gov.uk in advance of the meeting.

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5c

Questions by Members

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6.

EXTERNAL AUDIT PLAN MERSEYSIDE PENSION FUND 2021-22

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7.

STATEMENT OF ACCOUNTS 2021/22 – MANAGEMENT QUESTIONS

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8.

LOCAL GOVERNMENT PENSION SCHEME (LGPS) UPDATE

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9.

MERSEYSIDE PENSION FUND BUDGET OUT-TURN 2021/22 AND FINAL BUDGET 2022/23

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10.

LOCAL PENSION BOARD MINUTES

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11.

NORTHERN LGPS UPDATE

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12.

MINUTES OF WORKING PARTY MEETINGS

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13.

PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS

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14.

Exempt Information - Exclusion of Members of the Public

The following items contain exempt information.

 

RECOMMENDATION:  That, under section 100 (A) (4) of the Local Government Act 1972, the public be excluded from the meeting during consideration of the following items of business on the grounds that they involve the likely disclosure of exempt information as defined by the relevant paragraphs of Part I of Schedule 12A (as amended) to that Act. The Public Interest test has been applied and favours exclusion.

 

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15.

PROPERTY PORTFOLIO RENT ARREARS AND WRITE OFFS - EXEMPT APPENDIX

16.

NON-RECOVERY OF DEFICIT ON CLOSURE OF ADMISSION BODY

Terms of Reference

The Pensions Committee is responsible for exercise on behalf of the Council all of the powers and duties of the Council in relation to its functions as Administering Authority of the Merseyside Pension Fund.

  In particular, the Committee is charged by full Council:

(a)  To be responsible for the overall investment policy, strategy and principles of the Fund and its overall performance of the Fund.

(b)  To appoint and terminate the appointments of the professional advisers to, and external managers of, the Fund and agree the basis of their commission and remuneration.

(c)  To receive actuarial valuations of the Fund and determine the level of employers’ contributions necessary to balance the Fund.

(d)  To monitor the Local Government Pension Scheme including the benefit regulations and payment of pensions and their day to day administration and to be responsible for any policy decisions relating to the administration of the scheme.

(e)  To consider any views expressed by employing organisations and staff representatives relating to the scheme.

(f)  To appoint members of the Investment Monitoring Working Party, which shall have responsibility for reviewing the performance of the Fund’s investments and its asset allocation and regularly reporting their findings to the Pensions Committee.

(g)  To award contracts for goods and services relating to the Fund in accordance with the Contract Procedure Rules after taking into account the recommendations of officers and external professional advisers (where appropriate).

 

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