Meeting documents

To consider report.

The Committee considered a report from the Service Manager for Investments, Anton Sweet, concerning the Terms of Reference of the new Somerset Council’s Pensions Fund Committee and the Pension Fund Board to be adopted by the new Unitary Council.

During the debate, the following points were highlighted: -

·         Councillors stated that they believed that the Pensions Committee members had been ambivalent about changing the membership numbers.

·         Councillors queried whether there had been any issues with being quorate in the past.

The Pensions Manager advised that there had been some issues recently, which had led to the proposed change in membership size and composition.

·         Councillors queried the proposal that the Pensions Board Chair could be an ad-hoc position.

The Pensions Manager advised that the Chair was appointed by the Board and not by Full Council, the proposal was for only when the Chair was not present and to enable the Board to be quorate.

The Committee AGREED:-

2.1The Committee was asked to review the Terms of Reference of the new Somerset Council’s Pensions Fund Committee (attached as appendix A) and the Pension Fund Board (attached as appendix B) and recommend that they were adopted by the new Unitary Council, without amendment.