Decision Maker: West Yorkshire Pension Fund Pension Board

Outcome: Recommendations Approved

Is Key Decision?: No

Is Callable In?: No

Date of Decision: March 13, 2025

Purpose:

Content:   Resolved –   1.      That the latest WYPF expenditure forecast of £16.55m against a budget of £18.50m for 2024/25, net underspend of £1.95m be noted.   2.     That the total WYPF approved budget of £19.64m for 2025/26 be noted.   3.      That the WYPF total cost per member of £44.67 is the lowest within LGPS (2nd £69.55). Projected total cost per member for 2025/26 of £60.19 will maintain our cost performance going forward. All LGPS cost will be up based on a number of regulatory proposals be noted.   4.     That the Bradford accounts for 2023/24 were signed of at the Governance & Audit 25 February 2025 meeting, thus meeting the statutory backstop deadline of 28 February 2025 be noted.   To be actioned by: The Managing Director, WYPF