The Pensions CIV Sectoral Joint Committee:
1. Is asked to note that following a decision of the 33rd London local authority to delegate the exercise of sections 1 and 4 of the Localism Act 2011 for the purpose of participating in the London Councils Pension CIV Sectoral Joint Committee (PSJC), a formal agreement varying the London Councils Governing Agreement will be prepared and sent to each London local authority to incorporate into that Agreement the functions which Leaders’ Committee will instead jointly exercise on behalf of all 33 authorities.
2. Is asked to note that the Pensions CIV Sectoral Joint Committee will be dissolved upon the formal variation being entered into by all 33 participating local authorities.
3. Is asked to note that until such time as all the participating authorities have returned the signed variation, that the Pensions CIV Sectoral Joint Committee will continue to exist and meet.