Issue details

LOCAL GOVERNMENT PENSION SCHEME UPDATE

This report updates Members that on 15 October 2021, the Scheme Advisory Board (SAB) published the result of its cost management process for the 2016 Scheme Valuation, following publication of amendments to the HM Treasury (HMT) Directions on 7 October 2021.

It also covers the HMT response to its consultation on the proposed reforms.

Decision type: Key

Reason Key: Expenditure impact > £500,000;

Decision status: For Determination

Wards affected: (All Wards);

Decision due: 29 Nov 2021 by Pensions Committee

Lead member: Councillor Pat Cleary, Leader of the Green Group, Chair Pensions Committee patcleary@wirral.gov.uk

Lead director: Director of Merseyside Pension Fund

Department: Delivery

Contact: Emma Jones Email: emmajones@wirral.gov.uk, Peter Wallach, Director of Merseyside Pension Fund Email: peterwallach@wirral.gov.uk.

Agenda items

Documents

  • LOCAL GOVERNMENT PENSION SCHEME UPDATE