Issue - meetings
East Sussex Pension Fund: 2020/21 Budget, Business Plan & Work Programme
Meeting: 21/09/2020 - Pension Committee (Item 32)
32 2020/21 Pension Fund Business Plan and Budget 
PDF 406 KB
Additional documents:
- Appendix 1 - Business Plan Q1 Update, item 32
PDF 481 KB
- Appendix 2 - Ill Health Risk Management, item 32
PDF 164 KB
- Appendix 3 - Legal and General Business Illustration, item 32
PDF 167 KB
Minutes:
32.1 The Committee considered a report on the 2020/21 business plan at Quarter 1 for the ESPF.
32.2 The Committee’s discussion included the following key issues:
- The Fund has discretion to manage its ill health insurance scheme as it wishes, including requiring certain employers to adopt ill health insurance and allowing others to opt in if they wish, depending on their risk to the Fund.
- The Fund is currently undertaking work on the risk each employer poses to the Fund based on their financial solvency.
32.3 The Committee RESOLVED to:
1) note the updated business plan;
2) note the forecast outturn position;
3) note the report of the actuary on ill Health Management (Appendix 2) and the Legal & General Illustration (Appendix 3); and
4) request a report at a future meeting on the risk rating of the employers in the ESPF.