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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.