Issue - meetings
Havering Colleges Proposed Merger - Local Government Pension Scheme (LGPS) considerations
Meeting: 13/11/2018 - Cabinet (Item 16)
16 Havering Colleges Proposed Merger - Local Government Pension Scheme (LGPS) considerations 
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Additional documents:
- CABINET Havering College Mergers Appendix A EXEMPT 180731 LBHA Colleges Merger Report , View reasons restricted (16/2)
- Rider to Appendix A Exempt , View reasons restricted (16/3)
- CABINET Havering College Mergers Appendix B EXEMPT Note from HCFHE 18.07.18 , View reasons restricted (16/4)
Decision:
Cabinet:
1. CONSIDERED the Funds Actuary report at Appendix A (exempt)
- NOTED the summary of initial legal advice as the rider to Appendix A (confidential and exempt).
- CONSIDERED the comments from HCFHE on the rationale for the merger of HCFHE and HSFC with NCC at Appendix B (exempt)
- 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.
- DELEGATED authority to Chief Operating Officer to take all necessary actions and steps considered appropriate in order to give effect to this decision.
Minutes:
The Cabinet Lead Member for Finance and Property, Cllr Roger Ramsey presented the report to Cabinet. The background to the current situation was outlined.
As a consequence of an increasing number of colleges experiencing financial challenges, the government commenced a national programme of area based reviews covering further education and ... view the full minutes text for item 16