The West Sussex Fire & Rescue Service Local Pension Board meeting on 27 June 2024 focused on the administration of the pension scheme, updates to the risk register, and the review of several key reports. Decisions were made to adopt the updated risk register and to approve the administration report with its appendices.

Pension Scheme Administration

The board reviewed the Administration Report and its associated appendices. The report detailed the current status of the pension scheme, including membership statistics, contributions, and benefit payments. The board discussed the efficiency of the administration processes and the measures taken to ensure timely and accurate pension payments.

Councillors noted the importance of maintaining high standards in administration to ensure members receive their benefits without delay. The board approved the report and its appendices, which include Appendix A, Appendix B, Appendix C, and Appendix D.

Risk Register Update

The board discussed the Risk Register Report and its appendices. The report highlighted the key risks facing the pension scheme and the measures in place to mitigate these risks. The board focused on the importance of regularly updating the risk register to reflect new and emerging risks.

Councillors debated the potential impact of regulatory changes and economic factors on the pension scheme. The decision was made to adopt the updated risk register, with Appendix A and Appendix B providing detailed risk assessments and mitigation strategies.

Review of Previous Minutes

The minutes from the previous meeting held on 14 March 2024 were reviewed and confirmed without further discussion. The minutes are available in the WSFRS Pension Board Minutes 14 March 2024.

Public Reports Pack

The board also reviewed the Public reports pack, which included various documents and reports relevant to the meeting's agenda. This pack provided additional context and information for the discussions held during the meeting.

Items 5 and 6

Documents related to items 5 and 6 on the agenda were also reviewed. These documents, available in the Items 5 and 6 - to follow documents, provided further details on specific agenda items discussed during the meeting.