9 Pension Fund - Advance Payment PDF 63 KB
Report of Director of Finance
Purpose of report
To consider and approve advance payments to the Oxfordshire Pension Fund in order to lower the overall cost over a three-year period.
Recommendations
The meeting is recommended:
1.1 To consider and approve making an advance payment at the end of May 2020 of £3.4m to the Oxfordshire Pension Fund covering the payments due of £1.7m for 2021/22 and 2022/23, reducing the overall cost to the Council.
Decision:
Resolved
(1) That, having given due consideration, making an advance payment at the end of May 2020 of £3.4m to the Oxfordshire Pension Fund covering the payments due of £1.7m for 2021/22 and 2022/23, reducing the overall cost to the Council be approved.
Minutes:
The Director of Finance submitted a report to consider and approve advance payments to the Oxfordshire Pension Fund in order to lower the overall cost over a three-year period.
Resolved
(1) That, having given due consideration, making an advance payment at the end of May 2020 of £3.4m to the Oxfordshire Pension Fund covering the payments due of £1.7m for 2021/22 and 2022/23, reducing the overall cost to the Council be approved.