Decision details

PENSION POOLING WITH ORPHANED BODIES

Decision Maker: Council

Decision status: For Determination

Is Key decision?: No

Is subject to call in?: No

Decision:

RESOLVED: That Council approved that North Hertfordshire District Council (as the relevant Admitted Body) be pooled with the following Orphaned Employers: Letchworth Garden City Town Council, Veolia ES Services team and Hitchin Markets.

 

REASONS FOR DECISION:

 

(1)  All of the Orphaned Employers (based on the 2019 valuation) have over 100% funding, which is better than the Council’s funding position. Therefore, it is probably in the Council’s best interest to be pooled with them.

 

(2)  In the case of Letchworth Garden City Town Council, Hertfordshire County Council (HCC) (as the Hertfordshire LGPS administrator) have legal advice that we are required to be pooled with LGCTC.

Report author: Ian Couper

Publication date: 20/01/2023

Date of decision: 19/01/2023

Decided at meeting: 19/01/2023 - Council

Accompanying Documents: