Issue - meetings
London CIV Pension recharge and guarantee.
Meeting: 19/03/2020 - Pensions Committee (Item 6.9)
London CIV Update and Guarantee Agreement
Meeting: 07/03/2019 - Pension Board (Item 13)
London CIV Pension recharge and guarantee.
Minutes:
The Board received a verbal update on the London CIV that relates to the London CIV LGPS Limited Employee Pension Scheme (‘LCIV Pension Scheme’) Guarantee and Recharge agreements.
The Board:
- Noted that as Tower Hamlets are not in control of their staff an unlimited guarantee is not an option.
ACTIONS:
- The Investment and Treasury Manager to draft a letter to the London CIV outlining that the Council will not be offering an unlimited guarantee; and
- The Chair will sign the letter to the London CIV.