Alwen Williams, the CJC’s Chief Executive to present the report.
Decision:
To note and accept the content of
the report which confirmed that the North Wales Corporate Joint Committee had
chosen to use the Gwynedd Pension Fund, and therefore Cyngor Gwynedd will be
the Local Government Pension Scheme administrating authority for the Corporate
Joint Committee.
Minutes:
The report was submitted by Alwen
Williams (Chief Executive of the CJC).
DECISION
To note and accept the content of the report which
confirmed that the North Wales Corporate Joint Committee had chosen to use the
Gwynedd Pension Fund, therefore Cyngor Gwynedd will be the Local Government
Pension Scheme administrating authority for the Corporate Joint Committee.
DISCUSSION
Submitted – the report on selecting a Local Government Pension Scheme,
noting that we were required to report to the Welsh Government by 22 December
2022 confirming which Local Government Pension Scheme (LGPS) Administrating
Authority would be presented for the North Wales CJC.
It was reported that two identical Schemes had been
considered, namely the Clwyd Pension Fund (Flintshire Council) and the Gwynedd
Pension Fund (Cyngor Gwynedd). It was decided that it made sense to select the
Cyngor Gwynedd Pension Fund, since the current North Wales Ambition employees
are members of the Gwynedd Pension Fund and those arrangements could transfer
to the CJC in the future, so it would be logical to maintain the same pension
arrangements. This was confirmed to the Welsh Government on 21 December 2022.
It was noted that this report confirmed the decision and was for information to
the members of the Corporate Joint Committee.
Observations arising from the discussion
¾
Members were willing to
support the recommendation.
¾
There were no further
observations.