Decision details
Decision Maker: Assistant Director - Pensions
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
To provide access to the South Yorkshire
Pension Fund (LGPS) for Mellors (Pye Bank) by way of Admission
Agreement, effective 01/09/2024 .
Financial: In the event of financial failure
(liquidation) of the Admission Body, any unfunded liabilities which
remain outstanding upon crystallisation of the Admission Agreement,
would fall to be met by the academy (as the outsourcing scheme
employer). There is no bond in place to mitigate such risk. The
rationale for no bond being that the academy would re-employ the
transferees as it has a statutory duty to provide catering services
to its pupils, and thus a redundancy scenario (with potential fund
strain costs) would be avoided.
HR: None
ICT: None
Procurement: None
Finance Signatory: GT
Finance Date: 01/10/2024
HR Signatory: SB
HR Date: 01//10/2024
Publication date: 10/10/2024