Agenda and minutes

To approve the minutes of the meeting held on 18 September 2018 as an accurate record.

The minutes of the meeting held on 18 September 2018 were agreed as an accurate subject as amended to ensure that the Pension Board is correctly titled.

Matters arising: it was agreed that from the next meeting (4 December 2018), the Pension Committee will be webcast.

In accordance with the Council’s Code of Conduct and the statutory provisions of the Localism Act, Members and co-opted Members of the Council are reminded that it is a requirement to register disclosable pecuniary interests (DPIs) and gifts and hospitality to the value of which exceeds £50 or multiple gifts and/or instances of hospitality with a cumulative value of £50 or more when received from a single donor within a rolling twelve month period. In addition, Members and co-opted Members are reminded that unless their disclosable pecuniary interest is registered on the register of interests or is the subject of a pending notification to the Monitoring Officer, they are required to disclose those disclosable pecuniary interests at the meeting. This should be done by completing the Disclosure of Interest form and handing it to the Democratic Services representative at the start of the meeting. The Chair will then invite Members to make their disclosure orally at the commencement of Agenda item 3. Completed disclosure forms will be provided to the Monitoring Officer for inclusion on the Register of Members’ Interests.

None.

To receive notice of any business not on the agenda which in the opinion of the Chair, by reason of special circumstances, be considered as a matter of urgency.

There were no items of urgent business.

Report to follow.

The Committee RESOLVED:

·        To receive into the Pension Fund, the 346 housing properties as set out in paragraph 3.1 of the report, from Croydon Council, between November 2057 and April 2059;

·        To adjust Croydon Council’s employer contribution rates to take account of the future transfer of properties. This will be based on assumed growth of CPI + 1.7% in the properties, which would result in a reduction of approximately 2.5% in the council’s employer deficit contributions. This would be reviewed and adjusted if required in the triannual valuation; and

·        To delegate to the Council’s s151 Officer, in consultation with the Chair of the Pension Committee, to agree the appropriate wording of the Council resolution, to gain agreement of Full Council to transfer these assets from the Council’s General Fund to the Pension Fund in 40 years.

Councillor Brew, Councillor Clancy, Councillor Hopley and Gilli Driver asked that their votes against the recommendations be noted.

The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting:

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

The following motion was AGREED:

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

A motion to sit in public was AGREED to allow the recommendations in 4/18 to be taken and debated in public.

Subsequently, the following motion was AGREED to allow for consideration of the Part B minutes of the meeting held on 18 September:

“That, under Section 100A(4) of the Local Government Act, 1972, the press and public be excluded from the meeting for the following items of business on the grounds that it involves the likely disclosure of exempt information falling within those paragraphs indicated in Part 1 of Schedule 12A of the Local Government Act 1972, as amended.”

To approve the minutes (Part B) of the meeting held on 18 September 2018 as an accurate record.

The Part B minutes from the meeting held on 18 September 2018 were agreed as an accurate record.

Report to follow.

Comment made by Cllr Clancy were noted.