Agenda item

To receive and consider

a)     The 2025 valuation of the Oxfordshire Pension Fund including the Council’s draft 2025 valuation results; and

b)     The invitation to respond to the Funding Strategy Statement (FSS) employer consultation – documentation enclosed.

The Committee received the Local Government Pension Scheme (LGPS) valuation results and Funding Strategy Statement Employer Consultation.

Members thanked officers for providing the information and were pleased to hear contribution rates had lowered.

The Town Clerk highlighted that there were two required actions; one in respect of the Oxfordshire Pension Fund 2025 Valuation which required confirmation of receipt and understanding of the Council’s results schedule – the deadline being 31 January 2026; and secondly a response to the Funding Strategy Statement Consultation, which would end on 19 December 2025. Due to time constraints the Committee deferred this item and suggested that Officers formulate a response if appropriate.

Resolved:

1.      That, the LGPS 2025 valuation of the Oxfordshire Pension Fund, including the Council’s draft 2025 valuation results be noted and,

2.      That, delegation be provided to the Town Clerk/CEO in conjunction with the RFO to formulate a response to the Funding Strategy Statement Employer Consultation for oversight at Full Council on 8 December 2025, if appropriate.