Decision details

South Hill Park Trust Ltd Pension Liabilities

Decision Maker: Executive Member for Culture, Delivery and Public Protection

Decision status: Recommendations approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To consider a request by Trustees for the Council to act as guarantor for its LGPS pension scheme

Decisions:

RECOMMENDED that the Executive Member confirms that the Council will not place public money at risk by agreeing to underwrite the South Hill Park Trust’s pension arrangements as has been requested and that the Leader responds to the letter from the Trustees, indicating this.

Wards Affected: (All Wards);

Financial Impact: Potential financial impact, set out in the report

Making Representations: To Executive Director: Resources

Other reasons / organisations consulted

No public consultation. Member representations to Executive Member for Culture, Delivery and Public Protection

Consultees

Members

Contact: Kevin Gibbs, Executive Director: Delivery Email: kevin.gibbs@bracknell-forest.gov.uk, Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.

Report author: Kevin Gibbs

Publication date: 01/06/2021

Date of decision: 01/06/2021

Decided at meeting: 01/06/2021 - Executive

Accompanying Documents: