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 Littler Email: emmalittler@wirral.gov.uk.

Agenda items

Documents

  • BOND REVIEW AND INTERACTION WITH COVENANT