LB Hillingdon Pension Scheme Funding

Dear Mr Silverman

I am writing in response to your email below.

I have looked at the matter referred to in your email below and I can
confirm that we have not responded to your request. Please accept my
apologies for this oversight.

Turning to your request I understand that you were requesting to know:

1. A copy of the most recent Actuarial Report.
2. A copy of the latest report from the fund manager.
3. The latest value of the fund.
4. The current deficit.
5. The current and planned funding rates.
6. Comparative figures showing the investment performance of the
fund against other Local Authorities
7. The minutes of the last 2 meetings of the Council's Pensions
Committee.
8. Any reports which look at the future of the scheme.

My initial view is that all the information you are requesting is
already available on the Pensions Section of our website
http://www.hillingdon.gov.uk/index.jsp?a...

In regards to reports on the future of the Local Government Pension
Scheme I would advise that the best place to obtain any information on
this is from the Department of Communities and Local Government' website

http://www.communities.gov.uk/localgover...

I can confirm that I am looking into this further and that I will
provide a final response as soon as possible

If you are not happy with our response you should put your complaint in
writing to:
Principal Corporate Lawyer, Legal Services, Civic Centre, High St,
Uxbridge, UB8 1UW.

Please remember to quote the reference number above in any future
communications.

If you are not content with the outcome of the internal review, you
have the right to apply to the Information Commissioner for a decision.
The Information Commissioner can be contacted at: Information
Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire,
SK9 5AF

Richard Ingle
Data Protection &
Freedom of Information Officer

Legal Services (3E 04)
London Borough of Hillingdon
Civic Centre
High Street
Uxbridge
UB8 1UW
01895 55(6923)

Please note, all material provided by the London Borough of Hillingdon
in response to your request for information is for your personal,
non-commercial use. The London Borough of Hillingdon reserves all
rights in the copyright of the information provided. Any unauthorised
copying or adaptation of the information without express written
confirmation from The London Borough of Hillingdon will constitute an
infringement of copyright. Any intention to re-use this information
commercially will require consent. Please forward any requests for
re-use of information to the Freedom of Information officer.

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21/12/09 14:59 >>>
Dear Hillingdon Borough Council,

The response to my request is long overdue.

I am now requesting you carry out an internal review.

Yours faithfully,

Peter Silverman

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Ref FOI/1368

Dear Mr Silverman

I am writing further to my email below regarding your Freedom of
Information Request about LB Pension Scheme funding. I have considered
this matter and, as stated in my email of the 3rd February 2010, I am in
a position to provide a final response.

Firstly I would like to apologise for the delay in responding to you on
this mater which was due to a heavy workload and an oversight on my
behalf.

Secondly As I understand it you were requesting:

1. A copy of the most recent Actuarial Report.
I note that the Pension Fund Annual Reports published on our website
contain an Actuarial Statement which is based on the report but do not
contain the most recent Actuarial Report. The latest Report was
produced in 2007 and you will find this attached.

It is important to note that the London Borough of Hillingdon does not
hold the Copyright in regards to this report and that there may be
restrictions on how this report can be re-used, published or reproduced.
As such if you are seeking to re-use, publish or reproduce this report
or any of the information contained in this report you may need to seek
the consent of the copyright holder.

2. A copy of the latest report from the fund manager.
This information is available from our website - see below for further
information

3. The latest value of the fund.
This information is available from our website - From last years
accounts the fund was valued at £417,430 as at 31 March 2009.

4. The current deficit.
This information is available from our website - however for the sake
of completeness at the last valuation the deficit was £50 million

5. The current and planned funding rates.
This information is available from our website - however for the sake
of completeness from the last valuation in 2007 the funding level was
92% with the aim to return to 100% in 25 years

6. Comparative figures showing the investment performance of the
fund against other Local Authorities
This information is available from our website and can be found in
reports to the Pensions Committee.

http://www.hillingdon.gov.uk/index.jsp?a...

http://modgov.hillingdon.gov.uk/ieListMe...

7. The minutes of the last 2 meetings of the Council's Pensions
Committee.
This information is available on our website see below
http://www.hillingdon.gov.uk/index.jsp?a...

http://modgov.hillingdon.gov.uk/ieListMe...

8. Any reports which look at the future of the scheme.
This information is on our website contained in reports to the pensions
committee: In particular
http://www.hillingdon.gov.uk/ctteedocs/o...

http://www.hillingdon.gov.uk/ctteedocs/o...

Furthermore, as I indicated in my email of the 3rd of February 2010,
any information on changes to the Local Government Pension Scheme can be
obtained from the Department of Communities and Local Government as they
are responsible for overseeing the Local Government Pension Scheme as a
whole.
http://www.communities.gov.uk/localgover...

Where I have indicated that the information is contained on our website
and have not provided the information then it is exempt from the
requirements of the Freedom of Information Act 2000 (FOIA) pursuant to
S21 of the FOI which states that information is exempt where it is
accessible to the applicant by other means. As this is an absolute
exemption there is no requirement to consider the public interest test.

If you are not happy with our response you should put your complaint in
writing to:
Principal Corporate Lawyer, Legal Services, Civic Centre, High St,
Uxbridge, UB8 1UW.

Please remember to quote the reference number above in any future
communications.

If you are not content with the outcome of the internal review, you
have the right to apply to the Information Commissioner for a decision.
The Information Commissioner can be contacted at: Information
Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire,
SK9 5AF

Richard Ingle
Data Protection &
Freedom of Information Officer

Legal Services (3E 04)
London Borough of Hillingdon
Civic Centre
High Street
Uxbridge
UB8 1UW
01895 55(6923)

show quoted sections

Ref: FOI/1368

Dear Mr Silverman

I am writing in response to your email below.

I have looked at the matter referred to in your email below and I can
confirm that we have not responded to your request. Please accept my
apologies for this oversight.

Turning to your request I understand that you were requesting to know:

1. A copy of the most recent Actuarial Report.
2. A copy of the latest report from the fund manager.
3. The latest value of the fund.
4. The current deficit.
5. The current and planned funding rates.
6. Comparative figures showing the investment performance of the
fund against other Local Authorities
7. The minutes of the last 2 meetings of the Council's Pensions
Committee.
8. Any reports which look at the future of the scheme.

My initial view is that all the information you are requesting is
already available on the Pensions Section of our website
http://www.hillingdon.gov.uk/index.jsp?a...

In regards to reports on the future of the Local Government Pension
Scheme I would advise that the best place to obtain any information on
this is from the Department of Communities and Local Government' website

http://www.communities.gov.uk/localgover...

I can confirm that I am looking into this further and that I will
provide a final response as soon as possible

If you are not happy with our response you should put your complaint in
writing to:
Principal Corporate Lawyer, Legal Services, Civic Centre, High St,
Uxbridge, UB8 1UW.

Please remember to quote the reference number above in any future
communications.

If you are not content with the outcome of the internal review, you
have the right to apply to the Information Commissioner for a decision.
The Information Commissioner can be contacted at: Information
Commissioner’s Office, Wycliffe House, Water Lane, Wilmslow, Cheshire,
SK9 5AF

Richard Ingle
Data Protection &
Freedom of Information Officer

Legal Services (3E 04)
London Borough of Hillingdon
Civic Centre
High Street
Uxbridge
UB8 1UW
01895 55(6923)

Please note, all material provided by the London Borough of Hillingdon
in response to your request for information is for your personal,
non-commercial use. The London Borough of Hillingdon reserves all
rights in the copyright of the information provided. Any unauthorised
copying or adaptation of the information without express written
confirmation from The London Borough of Hillingdon will constitute an
infringement of copyright. Any intention to re-use this information
commercially will require consent. Please forward any requests for
re-use of information to the Freedom of Information officer.

show quoted sections

21/12/09 14:59 >>>
Dear Hillingdon Borough Council,

The response to my request is long overdue.

I am now requesting you carry out an internal review.

Yours faithfully,

Peter Silverman

show quoted sections