Issue - meetings
Admitted Bodies
Meeting: 03/05/2019 - Pensions Board (Item 55)
Admitted Bodies
Report attached.
Contact: Rebecca Clough (01743) 254457 / Debbie Sharp (01743) 252192
Minutes:
55.1 The Pensions Manager introduced and amplified her report (copy attached to the signed Minutes) which provided information on the status of admitted bodies within the Shropshire County Pension Fund. She informed the meeting that this would be updated at the end of the financial year following the valuation.
55.2 In response to a query the Pensions Manager explained that if an Academy ceased to exist, the fund liabilities would be paid by the Dfe. In relation to historic bodies without guarantees, the Pensions Manager confirmed that a lot of these were covered by bonds.
55.3 RESOLVED:
That the contents of the report be noted.