The constitution of the Pension
Board consists of 2 employer representatives, and 2 scheme member
representatives, all of them appointed in accordance with the
Pension Board detailed Terms of Reference as approved and published
by the Council from time to time.
The Terms of reference of the
Pension Board is to fulfil the statutory functions imposed
upon Pension Boards by the Public Service Pensions Act 2013, the
Local Government Pension Scheme Regulations 2013 as amended, any
subsequent amendment thereto and any other relevant legislation in
place from time to time. In particular to assist the Council and
advise it upon measures as administering authority to secure
compliance with the Local Government Pension Scheme Regulations and
other legal requirements , and generally to ensure that there is
efficient and effective governance and administration of the fund
at a local level.
To report annually to the Council in relation to
the above for inclusion in the Council’s annual governance
statement.