Decision details

At an informal meeting of the Pension Fund Committee held on 10th September 2021 Members considered a report relating to the administration of the Pension Fund. The Committee’s considerations were submitted to the Chief Executive Officer and he agreed that the following recommendations be approved:-

(i) That changes made to the Funding Strategy Statement be approved and, following consultation with employers, delegate authority to the Treasurer of NYPF to respond to any comments and feedback from employers.
(ii) That changes made to the Admissions and Terminations Funding Policy be approved and, following consultation with employers, delegate authority to the Treasurer of NYPF to respond to any comments and feedback from employers.
(iii) That changes made to the Pensions Administration Strategy be approved and, following consultation with employers, delegate authority to the Treasurer of NYPF to respond to any comments and feedback from employers.

By whom: Richard Flinton, Chief Executive Officer, under his emergency delegated powers and after consultation with the Pension Fund Committee.

PLEASE NOTE that as a non-executive function, this decision is not open to call in.

Under his delegated decision making powers in the Officers’ Delegation Scheme in the Council’s Constitution, the Chief Executive Officer has power, in cases of emergency, to take any decision which could be taken by the Council, the Executive or a committee.

Following on from the expiry of the Local Authorities and Police and Crime Panels (Coronavirus) (Flexibility of Local Authority and Police and Crime Panel Meetings) (England and Wales) Regulations 2020 (“the 2020 Regulations”), which allowed for committee meetings to be held remotely, the County Council resolved at its meeting on 5 May 2021 that, for the present time, in light of the continuing Covid-19 pandemic circumstances, remote live-broadcast committee meetings should continue, with any formal decisions required being taken by the Chief Executive Officer under his emergency decision making powers and after consultation with other Officers and Members as appropriate and after taking into account any views of the relevant Committee Members. This approach was reviewed by full Council at its July meeting and will be the subject of a further review at the November meeting of the full Council.

The Chief Executive Officer took all relevant information into account, including the details within the report, in exercising his emergency delegated powers in this matter, including considering the views of the members of the Pension Fund Committee, and agreed the recommendation as submitted from the informal Meeting held on 10th September 2021.

N/A.