Agenda and minutes

Pension Fund Committee - Friday, 21st November, 2008 10.00 am

Venue: Medway Room, Sessions House, County Hall, Maidstone. View directions

Contact: Mary Cooper  01622 694354

Items
No. Item

41.

Declarations of Interests by Members in items on the Agenda for this meeting.

Minutes:

There were none.

42.

Minutes - 12 September 2008

Minutes:

RESOLVED that the Minutes of the meeting held on 12 September 2008 are correctly recorded and that they be signed by the Chairman.

43.

Pensions Administration

Minutes:

RESOLVED unanimously that:-

 

(a)       the contents of the report be noted and the recommendation regarding the renumbering of the administering body policy be agreed; and

 

(b)       the Chairman write, on behalf of the Committee, supporting the recommendation that the vesting period relating to deferred benefits be changed back from three months to the former arrangement of two years and a copy of the letter be circulated to all Members of the Committee. 

44.

External Audit

Minutes:

Mr G Brown and Mr J Jacobs of the Audit Commission were in attendance for this item

 

RESOLVED that the report be noted.

45.

Cash Management

Minutes:

Report by Director of Finance

(Mr N J D Chard, Cabinet Member for Finance, was in attendance for this item)

 

RESOLVED that the report be noted.

46.

Application for Admission to the Fund

Minutes:

Report by Director of Finance

 

RESOLVED that admission to the Fund of Ashford Future Company Limited and the successful contractor from the two companies tendering for the KCC Mental Health Day Services, be approved.

47.

Fund Position Statement

Minutes:

Report by Director of Finance

 

RESOLVED that the report be noted.

EXEMPT ITEMS

(Open Access to Minutes)

48.

Minutes - 12 September 2008

Minutes:

RESOLVED that the Minutes of the meeting held on 12 September 2008 are correctly recorded and that they be signed by the Chairman.

49.

Baillie Gifford

Minutes:

(Mr N Morecroft and Mrs L Dewar were in attendance for this item)

 

RESOLVED that the report be noted.

50.

Societe Generale Asset Management (SGAM)

Minutes:

(Mr M Murray was in attendance for this item)

 

RESOLVED that the report be noted.

EXEMPT ITEMS

(Where Access to Minutes remains restricted)

51.

Fund Structure

Minutes:

The Committee agreed a number of issues relating to the structure and management of the Fund.