Issue details

Proposed Pension Transfer

To approve revised pension arrangements in relation to liabilities for pension costs for a cohort of bus drivers formerly employed by the predecessor transport authority.

To approve the transfer of assets of £42 million to Greater Manchester Pension Fund.

To approve the West Yorkshire Combined Authority being admitted to the Greater Manchester Pension Fund for the sole and limited purpose of meeting the pension liabilities of the former bus driver cohort.

Decision type: Key

Reason Key: Expenditure/Savings > £1 million;

Decision status: Recommendations Approved

Notice of proposed decision first published: 26/06/2020

Decision due: 27 Jul 2020 by West Yorkshire Combined Authority

Lead director: Director of Corporate Services

Contact: Jonathan Sheard Email: jonathan.sheard@westyorks-ca.gov.uk.

Decisions

Agenda items