Issue - meetings
SETTLE PENSION AGREEMENT - PART 1
Meeting: 28/09/2023 - Council (Item 236)
236 SETTLE PENSION AGREEMENT - PART 1 
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REPORT OF THE SERVICE DIRECTOR – RESOURCES
As included in Part 2.
Decision:
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.
Minutes:
N.B Councillor Lisa Nash left the Chamber at 20:58 and returned at 21:02.
N.B Councillor Amy Allen returned to the Chamber at 20:59
Audio Recording – 1 hour 29 minutes 47 seconds
The Service Director – Resources presented the item ‘New Pension Admission Agreement for Settle Group - Part 1’ and stated that following the Part 2 discussion, Council had adopted the Part 2 agreement in line with paragraph 8 of the report.
Councillor Ian Albert proposed and Councillor Elizabeth Dennis seconded and, following a vote, it was
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.