Issue - meetings
Wiltshire Pension Fund - Ill-Health Insurance for Scheme Employers
Meeting: 23/05/2017 - Cabinet (Item 64)
64 Wiltshire Pension Fund - Ill-Health Insurance for Scheme Employers
Report by Carolyn Godfrey.
Supporting documents:
- Wiltshire Pension Fund - Ill-Health Insurance for Scheme Employers, item 64
PDF 403 KB
- Enc. 1 for Wiltshire Pension Fund - Ill-Health Insurance for Scheme Employers, item 64
PDF 166 KB
Minutes:
Councillor Philip Whitehead presented the report which requested that Cabinet approve the direct award of a contract to Legal & General for the purchase of an ill-health retirement insurance policy on behalf of the Wiltshire Pension Fund scheme employers to mitigate the risks in respect of ill-health early retirement claims.
Following a question from Councillor Ian Thorn, Councillor Whitehead clarified that the scheme would only be utilised by small members of the pension fund scheme, and that members could out of the policy.
Resolved
To agree the direct award for the attached insurance policy quotation and delegate authority to approve the entering into contract until April 2019 to the Associate Director Finance in consultation with the Cabinet Member for Finance.