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.