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Decision details

SETTLE PENSION AGREEMENT - PART 2

Decision Maker: Council

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

N.B. This item was considered in restricted session and therefore no recording is available.

 

RESOLVED: That Council agreed to a new Admission Agreement between Hertfordshire County Council (as the Hertfordshire Pension Fund administer), Settle Group and North Hertfordshire District Council to allow settle to achieve a partial exit from the Local Government Penson Fund. The terms of that new Admission Agreement would be in line with what is set out in paragraph 8, including the recommended actions outlined in 8.6.1 to 8.6.3 of the Part 2 report.

 

REASON FOR DECISION: Settle had requested that the Council consider the proposal that it has made. Settle felt that it was in their best financial interests and it was possible that it could allow greater capacity for Settle to invest in housing, which could be in North Herts.

Publication date: 29/09/2023

Date of decision: 28/09/2023

Decided at meeting: 28/09/2023 - Council

Accompanying Documents: