Opposition councillors at Norfolk CC have described as ‘scandalous’ a closed-doors decision to fund a charity’s pension deficit by £700,000.
The outcry follows the discovery Norfolk CC took a decision at a private meeting last year, at which members of the public were exempt, to make a £700,000 payment to the Norfolk Pension Fund to reduce Age UK Norfolk’s pension deficit.
This investment decision was made after Norfolk decided to close an Age UK Norfolk facility in October 2013.
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