Issue details
BOND REVIEW AND INTERACTION WITH COVENANT
A number of employers have bonds in place
which aim to cover part or all of the value of their termination
debt if they exit the Fund and are unable to pay the full
debt.
Decision type: Non-key
Decision status: For Determination
Wards affected: (All Wards);
Anticipated restriction: Fully exempt -
Explanation of anticipated restriction:
This is by virtue of paragraph(s) 3 of Part 1 of Schedule 12A of Local Government Act 1972 i.e. information relating to the financial or business affairs of any particular person (including the authority holding that information).
Decision due: 23 Jun 2021 by Local Pension Board
Lead member: Councillor Pat Cleary, Co-Leader of the Green Group patcleary@wirral.gov.uk
Lead director: Director of Merseyside Pension Fund
Contact: Emma Jones Email: emmajones@wirral.gov.uk.
Agenda items
- 23/06/2021 - Local Pension Board BOND REVIEW AND INTERACTION WITH COVENANT 23/06/2021
Documents
- BOND REVIEW AND INTERACTION WITH COVENANT