Decision details
Advance Payment of Employers Pension Contributions (LDR54)
PDF 68 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: No
Purpose:
Report to outline the options for the advance
payment of the Council's employer pension contributions in 2017/18,
2018/19 and 2019/20.
Decision:
The Executive to considered a report on the requirements on the Council when setting its employer pension contribution rates to the Greater Manchester Pension Fund for 2017/18 to 2019/20 following the actuarial review of the Fund and agreed that
· the contents of the report in relation to the setting of the Council’s employer pension contribution rates with GMPF for 2017/18 to 2019/20 be noted;
· approval be given to a 3 year advance payment to GMPF for its forecast employer pension contributions for the period 2017/18 to 2019/20; and
· the final decision on the detail and arrangements of the advance payment to GMPF be delegated to the Borough Treasurer in consultation with the Leader of the Council and the Executive Councillor (Reform & Governance).
Alternative options considered:
None
Reason Key: Significant expenditure or savings;
Equality and/or Environmental Impact Assessment: None
Decision Reference: ED1880
Declarations or conflicts of Interest: None
Forward Plan Reference: LDR54
Other reasons / organisations consulted
None
Contact: Michael Cullen, Corporate and Support Services Email: michael.cullen@stockport.gov.uk Tel: 0161 474 4631.
Report author: Jonathan Davies
Publication date: 08/02/2017
Date of decision: 07/02/2017
Decided at meeting: 07/02/2017 - Executive
Accompanying Documents: