Issue - meetings

Admission agreement for Workforce Facilities Ltd

Meeting: 19/03/2009 - Pensions Committee (old) (Item 80)

80 Admission agreement for Workforce Facilities Ltd pdf icon PDF 96 KB

Report of the Chief Financial Officer and Assistant Chief Executive, People and Organisational Development, to approve the admission of Workforce Facilities Ltd as transferee admitted body participating in the Haringey Council Pension Fund from 1st April 2009.

Minutes:

Ian Benson, Pensions Manager, presented this report, which recommended the admission of Workforce Facilities Ltd as a transferee admitted body to the Haringey Pension Fund from 1st April 2009, following the TUPE transfer of security staff employed by Mittie Security Services.

 

In response to questioning by the Chair, the Chief Financial Officer confirmed that he was satisfied with the content of the report, safeguarding the interest of all stakeholders, particularly the Pension Fund.

 

RESOLVED

 

i)                    That Workforce Facilities Ltd be admitted as a transferee admitted body to the Fund from 1st April 2009.

 

ii)                  That the agreement be a closed agreement such that no new members can be admitted.

 

iii)                That the contractor be required to provide a Bond to the value of £26,000 to be reviewed by the Fund actuary on an annual basis.

 

iv)                That the final approval to the terms of the Admission Agreement be delegated to the Chief Financial Officer.