Committee details

Pensions Board

Purpose of committee

The Public Service Pensions (PSP) Act 2013 included several provisions relating to better governance and improved accountability of all the various public sector pension schemes.

From 1 April 2015 Staffordshire County Council has set up a Pension Board to ensure that as the Scheme Manager for the Local Government Pension Scheme (LGPS) it executes its duties and responsibilities.

The main purpose and role of the Board will be to:

a) Assist the Administering Authority, as Scheme Manager:

·         To secure compliance with the LGPS Regulations and any other legislation relating to governance and administration of the LGPS

·         To secure compliance with requirements imposed in relation to the LGPS by the Pensions Regulator including but not limited to the regulatory strategy of public service pension schemes (as amended);

·         In such matters as the LGPS regulations may specify

b) Secure the effective and efficient governance and administration, including funding and investments of the LGPS for the Staffordshire Pension Fund.

c) Provide the Scheme Manager with such information as it requires to ensure that any member of the Pension Board or person to be appointed to the Pension Board does not have a conflict of interest.

d) To ensure the Staffordshire Pension Fund effectively and efficiently complies with the code of practice on the governance and administration of public service pension schemes issued by the Pension Regulator.

e) Help ensure that the Staffordshire Pension Fund is managed and administered effectively and efficiently in terms of administration and governance including investments and funding and complies with the Code of Practice on the governance and administration of public service pension schemes issued by the Pensions Regulator.

f) Meet sufficiently regularly to discharge its duties and responsibilities effectively.

Membership

Pension Board membership shall consist of a maximum of seven members made up of two Employer representatives, two Scheme Member representatives and up to three Independent representatives (see table below):-

 

Name

Representing

Special Responsibilities on Board

Employment and Job Title

ALCOTT, Gordon

Employers

-

Cabinet Member at Cannock Chase District Council

BRADLEY, Corrina

Employers

Vice-Chairman

Financial Services Manager, Staffordshire Fire and Rescue Service

JENKINSON, Ian

Scheme Members

Chairman

Not applicable

LEGGE, Tim

Scheme Members

-

Not applicable

WASHINGTON, Christina

Employers

-

Chief Finance Officer, St Bart’s Multi-Academy Trust and Belgrave St Bartholomew’s Academy

VACANCY ( as at 19.08.2016)

Scheme Members

-

Trade Union Official

Scheme Member and Employer Representatives – Appointment Process

1. The members, who will sit as Scheme Member and Employer Representatives, shall be appointed by the Scheme Manager after applications are sought publicly from employers at the Pensions Forum and the scheme members via advertisement in the Pension Fund Newsletter.

2. The Scheme Manager shall seek nominations and consider the applications and nominations received. Where required a ballot will be carried out to select candidates.

3. An appointment selection committee will be created to interview prospective candidates.

4. Successful candidates will be informed in writing and their tenure shall begin at the first meeting of the Pension Board thereafter.

5. Future Scheme Member and Employer Representatives shall be appointed by nomination and/or application from the Pensions Forum, to the Pension Board and where more than one appropriate application is received for a particular place on the Pension Board; a selection committee shall interview the candidates.

6. Selection will be subject to the role specification and holding the required capacity, knowledge and skills needed to be a member in accordance with this Constitution and the Regulations (subject to any training).

Scheme Member Representatives and Employer Representatives shall be appointed in equal number at all times.

In addition receipt of written approval from the Scheme Manager, the Pension Board may

appoint a non-voting independent advisor to the Pension Board.

 

You can download the Staffordshire Pensions Board Terms of Reference and Constitution.

 

Membership

Contact information

Support officer: Mike Bradbury. Email: michael.bradbury@staffordshire.gov.uk

Phone: 01785 276133