Decision details

Cabinet will be asked to:

 - Consider the LGPS considerations of the scenarios available

- Grant permission to allow the Administering Authority to transfer the pension arrangements for all existing active, deferred and pensioners from the Havering Pension Fund to the London Pensions Fund Authority.

Cabinet:

1.     CONSIDERED  the Funds Actuary report at Appendix A (exempt)

2. NOTED the summary of initial legal advice as the rider to Appendix A (confidential and exempt).

3. CONSIDERED the comments from HCFHE on the rationale for the merger of HCFHE and HSFC with NCC at Appendix B (exempt)

4. AGREED the College’s request to transfer all HCFHE and HSFC members from the Havering Pension Fund to the London Pensions Fund Authority (LPFA) as set out in Option A in this report.

5. DELEGATED authority to Chief Operating Officer to take all necessary actions and steps considered appropriate in order to give effect to this decision.