Decisions for issue Havering Colleges Proposed Merger - Local Government Pension Scheme (LGPS) considerations

Issue - decisions

Havering Colleges Proposed Merger - Local Government Pension Scheme (LGPS) considerations

 

 

14/11/2018 - Havering Colleges Proposed Merger - Local Government Pension Scheme (LGPS) considerations

Cabinet:

 

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

 

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

 

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

 

  1. 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.

 

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