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Details
Title:
West Midlands Pension Fund Advance Payment
Include item on Forward Plan/ Key Decision
Yes
Urgent Decision - Not in Forward Plan
No
Details for Agenda Sheet
Report of the Interim Chief Finance Officer.
Implementation Date (not before meeting on)
Tue 21 Jan 2020
Purpose
To approve an advance payment of the Council's employers pension contributions to the West Midlands Pension Fund, in return for a discount.
Key Portfolio
Finance and Resources
Chief Officer Decision Maker
Decision Outcome
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On 21 January 2020, Cabinet approved an advance payment of the City Council’s employer’s pension contributions of £369.2m (including an early payment discount of £25.8m from the normal monthly payments totalling £395.0m over the period 2020/21 to 2022/23).
THE DEADLINE FOR CALL IN IS 1600 HOURS ON MONDAY 27 JANUARY 2020.
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Is the Decision Maker Aware of the Decision:
No
Is the Head of Services Aware of the Decision:
No
Is Decision County Wide:
No
Would the recommended decision be contrary to the budget and policy framework:
No
Additional Information
Decision Criteria
This Decision does not contain any decision criteria records.
Wards
Acocks Green; Allens Cross; Alum Rock; Aston; Balsall Heath West; Bartley Green; Billesley; Birchfield; Bordesely & Highgate; Bordesely Green; Bournbrook & Selly Park; Bournville & Cotteridge; Brandwood & Kings Heath; Bromford & Hodge Hill; Castle Vale; Druids Heath & Monyhull; Edgbaston; Erdington; Frankley Great Park; Garretts Green; Glebe Farm & Tile Cross; Gravelly Hill; Hall Green North; Hall Green South; Handsworth; Handsworth Wood; Harborne; Heartlands; Highter's Heath; Holyhead; Kings Norton North; Kings Norton South; Kingstanding; Ladywood; Longbridge & West Heath; Lozells; Moseley; Nechells; Newtown; North Edgbaston; Northfield; Oscott; Perry Barr; Perry Common; Pype Hayes; Quinton; Rubery & Rednall; Shard End; Sheldon; Small Heath; Soho & Jewellery Quarter; South Yardley; Sparkbrook & Balsall Heath East; Sparkhill; Stirchley; Stockland Green; Sutton Four Oaks; Sutton Mere Green; Sutton Reddicap; Sutton Roughley; Sutton Trinity; Sutton Vesey; Sutton Walmley & Minworth; Sutton Wylde Green; Tyseley & Hay Mills; Ward End; Weoley & Selly Oak; Yardley East; Yardley West & Stechford
Topics
This Decision does not contain any Topic records
Overview and Scrutiny
Resources Overview and Scrutiny Committee
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This section displays the history of the Decision.
Decision History
| 02/12/2019 09:06:07 | Liz Blackburn | Business Item Created | |
| 02/12/2019 09:06:07 | Liz Blackburn | Committee Added | Cabinet |
| 02/12/2019 09:06:07 | Liz Blackburn | Meeting Added | 21/01/2020 10:00AM |
| 02/12/2019 09:06:07 | Liz Blackburn | Workflow Assigned | Workflow ID A40F5D96-2382-49E1-8746-873124A6C737 |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Acocks Green |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Allens Cross |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Alum Rock |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Aston |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Balsall Heath West |
| 02/12/2019 09:07:23 | Liz Blackburn | Ward Added | Bartley Green |
Approval/Comments
| Approve |
Liz Blackburn
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Mon 2 Dec 2019 - 09:22
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Fri 31 Dec 9999
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Mon 2 Dec 2019 - 09:22
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Accepted
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