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Agenda and minutes

Venue: Kennet Room - County Hall, Bythesea Road, Trowbridge, BA14 8JN. View directions

Contact: Jessica Croman 

Items
No. Item

79.

Apologies for Absence

To receive any apologies for absence or substitutions for the meeting.

Minutes:

Apologies were received from Howard Pearce.

80.

Declarations of Interest

To receive any declarations of disclosable interests or dispensations granted by the Standards Committee.

 

Minutes:

There were no declarations of interest.

81.

Chairman's Announcements

To receive any announcements through the Chairman.

Minutes:

There were no Chairman’s announcements.

82.

Public Participation

The Council welcomes contributions from members of the public.

 

Statements

If you would like to make a statement at this meeting on any item on this agenda, please register to do so at least 10 minutes prior to the meeting. Up to 3 speakers are permitted to speak for up to 3 minutes each on any agenda item. Please contact the officer named on the front of the agenda for any further clarification.

 

Questions

To receive any questions from members of the public or members of the Council received in accordance with the constitution.

 

Those wishing to ask questions are required to give notice of any such questions in writing to the officer named on the front of this agenda no later than 5pm on (4 clear working days, e.g. Wednesday of week before a Wednesday meeting) in order to be guaranteed of a written response. In order to receive a verbal response questions must be submitted no later than 5pm on (2 clear working days, eg Friday of week before a Wednesday meeting). Please contact the officer named on the front of this agenda for further advice. Questions may be asked without notice if the Chairman decides that the matter is urgent.

 

Details of any questions received will be circulated to Committee members prior to the meeting and made available at the meeting and on the Council’s website.

Minutes:

There were no members of the public present.

83.

Date of Next Meeting

To note that the next regular meeting of the Committee will be held on 17 December 2019.

Minutes:

It was noted that the next regular meeting of the Committee will be held on 17 December 2019.

84.

Urgent Items

Any other items of business which, in the opinion of the Chairman, should be considered as a matter of urgency. Urgent items of a confidential nature may be considered under Part II of this agenda.

 

 

Minutes:

There were no urgent items.

85.

Exclusion of the Public

To consider passing the following resolution:

 

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Item Numbers 8-9 because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraphs 1 & 3 of Part I of Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

 

Minutes:

To agree that in accordance with Section 100A(4) of the Local Government Act 1972 to exclude the public from the meeting for the business specified in Minute Numbers 86 - 87 because it is likely that if members of the public were present there would be disclosure to them of exempt information as defined in paragraphs 1 & 3 of Part I of Schedule 12A to the Act and the public interest in withholding the information outweighs the public interest in disclosing the information to the public.

86.

Valuation Results

A presentation from the actuary outlining the results of the latest Triennial Valuation including the whole fund position and the provisional, individual employer contribution rates. Committee is asked to note the results.

Minutes:

The Committee received a presentation from the actuary outlining the results of the latest Triennial Valuation including the whole fund position and the

provisional, individual employer contribution rates.

 

Resolved

 

1.    To note the contents of this paper and the verbal report of the Actuary.

2.    To note the provisional employer contribution rates for the next three years as provided on the 25 October 2019, for presentation to the employer bodies.

3.    To note that discussions will be held between officers and employer bodies to finalise employer contribution rates in line with Funding Strategy Statement, and taking account of any risk-based review, and that an update will be presented to the March Committee meeting.

87.

Flight Path Review

To receive a proposal by the Investment Manager

Minutes:

The Committee received a proposal from Jenny Devine, Investment Manager, regarding the arrangements in place around the de-risking flight path procedure.

 

Resolved

 

To approve that the current flight path procedure is amended, such that the funding level continues to be monitored, and if the funding level as at the 2019 actuarial valuation falls by 20%, then an immediate review is triggered, with appropriate actions recommended to the Committee in a timely manner.

 

 

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