Agenda
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Meeting: |
Pension Board |
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Venue: |
The Brierley Room, County Hall, Northallerton, DL7 8AD |
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Date: |
Thursday, 3 April 2025 |
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Time: |
10 am – Private Briefing / 10.30 am – Meeting of the Board |
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Independent Chair: Mr David Portlock (Chairman - Independent Member (Non-voting)) Employer Representatives: Councillor Steve Watson (NYC), Councillor Martin Rowley, BEM (City of York Council) and Emma Barbery (Askham Bryan College) Scheme Member Representatives: Eddie Brass (Deferred members), David Houlgate (Unison), Simon Purcell (Unison - retired members), and Sam Thompson (NYC) |
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Members will be provided with a briefing on Cyber Security at 10am (for Pension Board Members and invitees only) – The meeting of the Pension Board will start at 10.30am |
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Business
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1. |
Welcome, introductions and apologies
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2. |
Exclusion of Public and Press |
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To consider the exclusion of the public and press from the meeting during consideration of item 7(b) - Confidential Minutes of the Pension Fund Committee, 28 February 2025, on the grounds that these include the likely disclosure of exempt information as defined in paragraph 3 of Part 1 of Schedule 12A to the Local Government Act 1972 as amended by the Local Government (Access to information) (Variation) Order 2006.
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3(a) |
Minutes of the meeting of the Board held on 9 January 2025
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(Pages 3 - 12) |
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3(b) |
Progress on Issues raised at Previous Meetings
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(Pages 13 - 14) |
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4. |
Declarations of Interest
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5. |
Annual discussion with the Treasurer of the Pension Fund
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6. |
Public Questions and/or Statements |
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Members of the public may ask questions or make statements at this meeting if they have given notice (including the text of the question/statement) to Steve Loach of Democratic Services (contact details below) by midday on Monday 31 March 2025. Each speaker should limit themselves to 3 minutes on any item. Members of the public who have given notice will be invited to speak:-
• at this point in the meeting if their questions/statements relate to matters which are not otherwise on the agenda (subject to an overall time limit of 30 minutes);
• when the relevant agenda item is being considered if they wish to speak on a matter which is on the agenda for this meeting.
If you are exercising your right to speak at this meeting, but do not wish to be recorded, please inform the Chairman who will instruct those taking a recording to cease while you speak.
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7(a) |
Minutes of the Pension Fund Committee held on 28 February 2025 - not yet available
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7(b) |
Confidential Minutes of the Pension Fund Committee held on 28 February 2025 - not yet available
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8. |
Substitution Scheme
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(Pages 15 - 16) |
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9. |
Pension Fund Administration - Report of the Treasurer
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(Pages 17 - 74) |
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10. |
Internal Audit - Report of the Internal Auditor, Veritau
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(Pages 75 - 92) |
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11. |
Business Plan, Budget and Cashflow - Report of the Treasurer
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(Pages 93 - 116) |
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12. |
Government Pensions Review and Pooling Update - Report of the Treasurer
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(Pages 117 - 120) |
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13. |
Training
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(Pages 121 - 124) |
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14. |
Work Programme
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(Pages 125 - 128) |
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15. |
Other business that, in the opinion of the Chair, should be considered as a matter of urgency
For enquiries relating to this agenda please contact Stephen Loach Tel: 01609 532216 or e-mail stephen.loach@northyorks.gov.uk Website: www.northyorks.gov.uk
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Barry Khan
Assistant Chief Executive