Agenda and decisions

To receive any apologies for absence

To receive any declaration of personal interest

To note any items which are urgent business in the opinion of the Chairman so that they may be considered

The Chairman shall propose that the minutes of the meeting of this committee held on the 27^th of January to be signed as a true record

To consider and accept the report and approve the 2025/26 Training plan.

DECISION:

·        To accept the report and approve the 2025/26 Training Plan

To consider and adopt the attached Treasury Management Strategy Statement for 2025/26, as amended for the Gwynedd Pension Fund (Appendix A).

To make a request to the Council (even though it is not a separate body) to allow the Pension Fund’s surplus cash balances to be pooled with the Council’s general cashflow from 1 April 2025 onwards.

DECISION:

·        To adopt the attached Treasury Management Strategy Statement for 2025/26 as adapted for the purpose of the Gwynedd Pension Fund.

·        To request that the Council (although not a separate body) allows the surplus cash balances of the Pension Fund to continue to be pooled with the Council’s general cash flow from 1 April 2025 onwards. 

To approve the assumption setting for the Gwynedd Pension Fund's 2025 valuation.

DECISION:

·        To approve the assumptions setting for the Gwynedd Pension Fund’s 2025 Valuation.

·        The information sharing session with Hymans was welcomed

To consider the report

DECISION

To accept the report for information.

Note:

A member of the Pension Board to also attend the conference in the future.

To consider the report

DECISION:

·        There was a need to fully address the gender pension gap   

·        However, there were also some actions that could be taken at local level, albeit employer-driven, rather than the pension fund leading on matters such as, 

-        Reviewing job profiles and pay scales to ensure genuine equality across the full
spectrum.

-        Checking that back-to-work policies, including flexible working, fully support and
encourage people who have taken career breaks back into the workplace.

-        Introducing or enhancing shared parental leave policies.

-        Educating employees about implications for their pension any time there is a life
point change that may have financial consequences.

-        Informing new members and part-time workers that they can opt-in to the pension scheme, even if they do not meet the qualifying criteria.

·        Present the information to the Local Joint Consultative Committee

·        To receive a further update in 6 months on the actions (local level)

To consider and approve the administration policies

DECISION:

·        To accept and note the information.

·        To approve the adoption of the following policies from 1 April 2025

-        Proof of Life Policy for Pensioners Living Abroad

-        Overpayment of Pension Policy

-        Communication Language Policy

-        Gwynedd Pension Fund Document Distribution Policy

-        The Pension Fund's Payslip Issuance Policy

-        Payment of Pensions Benefits and Lump Sum Policy