Pension Board scheme member representative vacancy
The Derbyshire Pension Fund has a vacancy on the Pension Board for a voluntary Local Government Pension Scheme (LGPS) Member Representative.
The successful applicant will be an active, deferred or pensioner member of the fund.
If you are interested in applying for this role, you can view the person specification, role description and application form attached to this page.
Applications are welcomed until 22 April 2018.
Please print and return your completed application form to:
Regulations and Communications Team
Or email: Pensions.Regs@derbyshire.gov.uk
Derbyshire Pension Fund follows the Pensions Regulator Code of Practice no. 14, The Governance and Administration of Public Service Pension Schemes. The code of practice is issued by the Pensions Regulator which is the body that regulates occupational and personal pension schemes provided through employers.
Role of the Pension Board
The role of the Pension Board, as defined by Regulation 106 of the Local Government Pension Scheme Regulations 2013 is to:
Assist the administering authority to secure compliance with:
- the regulations and any other legislation relating to the governance and administration of the Local Government Pension Scheme (LGPS)
- requirements imposed in relation to the LGPS by the Pensions Regulator.
Assist the administering authority to ensure the effective and efficient governance and administration of the Derbyshire Pension Fund.
Provide the administering authority with such information as it requires ensuring that any member of the Pension Board or person to be appointed to the Pension Board does not have a conflict of interest.
The existence of the Pension Board does not change the role of the administering authority nor the way it delegates its pension functions to the Pension and Investments Committee. The Pension Board only has the power to oversee decisions made by the administering authority and to make recommendations to improve the efficient and effective administration and governance of the pension’s functions, including funding and investments. The Pension Board will produce an annual report in accordance with any regulatory requirements.
The Pension Board consists of two scheme member and two scheme employer representatives and an independent chair. Scheme member and scheme employer representatives are appointed to the board for two years.
Pensions Board membership
Scheme member representatives:
- Karen Gurney
- Nick Read (Trades Union nomination).
- Mike Nelson (Arvato)
- James Watson (Pinxton Parish Council).
Training opportunities are as far as possible shared with the Pensions Committee.