The Local Pension Board’s role is to help Cambridgeshire County Council to manage the Local Government Pension Scheme (LGPS). The board has three scheme member and three employer representatives. Their responsibility is to make sure the scheme is compliant with the regulations and other governance and administration legislation set by the Pensions Regulator.
We’ll have a vacancy for a scheme member representative in early 2021 and are looking for people who may be interested in filling this role.
You’re welcome to come to a board meeting to see how it works and if it’s something you might be interested in (you wouldn’t need to take part).
You’ll also be able to talk to the current board members to find out about the role first hand.
We’re looking to recruit the new board members by the end of 2020. If successful, you’ll review the decisions of the Pension Fund Committee and Investment Sub-Committee, and review and recommend changes to draft policies. Board meetings regularly receive reports on:
● Administration updates on the running of the Fund including:
○ Achievement against key performance indicators
○ Whether any employers had failed to make the required contributions to the Fund or been late in making them
○ Details of new employer entries to the Fund and also departures
○ Any breaches of the law
○ New legislation affecting the operation and management of the Fund as well as benefits payable to scheme members
● The Pension Fund’s business plan and medium term strategy
● Monitoring of the Pension Fund risk register and
● Updates on investment performance and the value of the Fund
The board meets a minimum of four times a year. You don’t need to have any previous knowledge of pension scheme management, just an ability to be objective, able to work in a team and able to analyse information effectively.
This is a voluntary role and you’ll be given full training and any background information you need to help you carry it out. If successful, you’ll also be recommended to attend relevant pension related national conferences where the fees, attendance and travel will be paid for. This is in addition to having your reasonable travelling expenses to board meetings paid for.
With the current government restrictions in place with face to face meetings, it’s important you have access to appropriate technology to participate in virtual meetings and video conferencing.
You can find more information on the Cambridgeshire Committees and Board page of our website.
If this interests you and you wish to be considered please request an application form and information pack, by contacting Rob Sanderson on 01223 699181 or email: email@example.com