Agenda and minutes

In accordance with the agreed constitution of this Board, the Chairman must be a Kent County Council Elected Member.  Therefore the Board is requested to confirm the appointment of Miss Carey as Chairman of the Committee.

(1)         Miss Carey openedthe inauguralmeeting of thePension Board.She explained that inaccordance withthe processfor thePension Boardagreed bythe County Council, the Chairman mustbe a Kent County Council Elected Member.

(2)      RESOLVED that Miss Carey’sappointment asChairman ofthe Boardbe endorsed.

(1)      Nick Vickers, explainedthat a meetingof thePension Boardwould bearranged when the full membership was established. He then gave a presentation which detailed the following:

i.       Thebackground ofthe LocalGovernment pensionScheme (LGPS)and its recent history;

ii.      The membership and role ofthe Fund Committee;

iii.     The role ofthe Pension Board and the reason for its establishment.

(2)   In  response  to  questions  from  members  Mr  Vickers  gave  the  following information:

i.      Thata substitute, attendingthe committee wouldalso receive the agenda.

ii.       Subsequent meetings ofthe Pension Board would be held in Sessions House.

(3)     RESOLVED that the presentation be noted.

(1)       Mr Vickers introduced the report which gave an interim position statement on the progress with establishing the Board and other issues tobe addressed.

(2)      He explainedthat KCC wouldhave bothelected membersand officershaving seats onthe PensionBoard andthat the officershad yetto beconfirmed. The opportunityhad beenadvertised toKCC employeesthrough KNetand therehad been many responses.

(3)      He alsoinformed thecommittee thatKCC hadwritten tothe CEOs ofthe 12 districtsand Medwayto confirmtheir representativesand werestill waitingfor a valid nomination from Kent Active Retirement Fellowship (KARF).

(4)   In responseto commentsmade andquestions raisedby membersMr Vickers gave the following information:

i.       The meeting was expected tobe held 2 or 3 times a year;

ii.      Thatit wouldnot needto followeach meetingof theSuperannuation Fund Committee;

iii.      That hewould beobserving theprogress ofother localauthorities establishing their Pension Board.

(5)       RESOLVED that the position statement and its attached appendices be noted.