Cambridgeshire Local Pension Board
Local Government Pension Scheme
Local Pension Board
How are members recruited to the board?
The role of the Board is to assist Cambridgeshire County Council (the administering authority) by making sure it isadministering the Local Government Pension Scheme effectively and efficiently and, in doing so, is complying with relevant laws and regulations. It will do this by reviewing the policies and practices that the administering authority has adopted and checking them against the applicable regulations, as well as comparing them to examples of best practice elsewhere.
The Board comprises three Employer Representatives and three Scheme Member Representatives. The two County Councillor representatives are appointed by Cambridgeshire County Council’s full Council and all other positions are appointed via an open and transparent selection process. The terms of reference for the Local Pension Board are set out in the Council’s constitution.
What does the local pension board do?
The administration of the Fund is the responsibility of Cambridgeshire County Council, which is designated as an ‘administering authority’ in the Local Government Pension Scheme Regulations. The Council has delegated this function to the Cambridgeshire Pension Fund Committee.
The board can assist the county council in securing compliance with the principal 2013 Pension Regulations, along with any other requirements imposed by the pensions regulator in relation to the scheme.
The board also has the authority to assist the administering authority in ensuring the effective and efficient governance and administration of the scheme.
The terms of reference for the local pension board are set out in the council’s constitution.