Agenda

Pension Committee - Tuesday, 25th May, 2021 6.30 pm

Venue: Council Chamber, Town Hall, Katharine Street, Croydon CR0 1NX. View directions

Contact: Democratic Services  Email: Democratic.Services@croydon.gov.uk

Items
No. Item

1.

Apologies for Absence

To receive any apologies for absence from any members of the Committee.

 

2.

Disclosure of Interests

In accordance with the Council’s Code of Conduct and the statutory provisions of the Localism Act, Members and co-opted Members of the Council are reminded that it is a requirement to register disclosable pecuniary interests (DPIs) and gifts and hospitality to the value of which exceeds £50 or multiple gifts and/or instances of hospitality with a cumulative value of £50 or more when received from a single donor within a rolling twelve month period. In addition, Members and co-opted Members are reminded that unless their disclosable pecuniary interest is registered on the register of interests or is the subject of a pending notification to the Monitoring Officer, they are required to disclose those disclosable pecuniary interests at the meeting. This should be done by completing the Disclosure of Interest form and handing it to the Democratic Services representative at the start of the meeting. The Chair will then invite Members to make their disclosure orally at the commencement of Agenda item 3. Completed disclosure forms will be provided to the Monitoring Officer for inclusion on the Register of Members’ Interests.

 

3.

Urgent Business (if any)

To receive notice of any business not on the agenda which in the opinion of the Chair, by reason of special circumstances, be considered as a matter of urgency.

 

4.

Review of Breaches Log pdf icon PDF 229 KB

For the Committee to consider the current breaches log, attached as Appendix A. (Report attached)

Additional documents:

5.

Budget Review pdf icon PDF 274 KB

(Report to follow)

6.

Pension Fund Medium Term Business Plan 2021/24 pdf icon PDF 130 KB

For the Committee to consider the draft Business Plan for the Fund for financial years 2021/22 to 2023/24 attached as Appendix A. (Report attached)

Additional documents:

7.

Funding Strategy Statement (FSS) updates - Exit Credit and Employer Flexibilities Regulatory Amendments pdf icon PDF 144 KB

For the Committee to consider the changes introduced to the LGPS in respect of exit credits and the option for a contribution review.  The report also suggests how these changes could be reflected in the Funding Strategy Statement. (Report attached)

 

Additional documents:

8.

Governance Consulting Contract pdf icon PDF 211 KB

(Report to follow)

9.

Croydon Pensions Administration Team Key Performance Indicators (KPIs) pdf icon PDF 113 KB

For the Committee to consider the KPIs attached as Appendix 1. (Report attached)

Additional documents:

10.

Reconsideration of Decision to Transfer Property from Croydon Affordable Homes and Croydon Affordable Tenures to the Pension Fund pdf icon PDF 221 KB

For the Committee to consider the decision to in principle allow the future transfer of properties leased to Croydon Affordable Homes and Croydon Affordable Tenures.

11.

Exclusion of the Press and Public

The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting:

 

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

 

Part B

12.

Progress Report for Quarter Ended 31 March 2021

For the Committee to consider the Part B report attached. (Appendices to follow)