Issue - meetings

(Member lead: Cllr S Hinchcliffe, Director: Angela Taylor)

Resolved: 

(i)         That a further decision regarding the method by which WYCA meets its obligations under the Direction with regard to First Group be delegated to WYCA’s Managing Director in consultation with the Chair.

(ii)        That the Budget Working Group inputs to this further decision.

The Authority considered a report of the Director of Resources which provided further information on the preferred way of meeting WYCA’s element of pension obligations towards First Group, in response to a Direction issued by the Secretary of State on this matter.

It was noted that the Direction set a transfer date of 1 November 2017 and members  asked whether there was any flexibility in extending this as it was possible that a revised decision on a preferred option may be required from the Authority before the next meeting in December 2017.  It was agreed that should such a decision need to be taken before the next meeting that this be delegated to WYCA’s Managing Director in consultation with the Chair and as many members as possible and that such a decision would have regard to the position of the West Yorkshire Pension Fund.

Resolved: 

(i)         That a further decision regarding the method by which WYCA meets its obligations under the Direction with regard to First Group be delegated to WYCA’s Managing Director in consultation with the Chair.

(ii)        That the Budget Working Group inputs to this further decision.