The day-to-day operation of the Fund is undertaken by the Pension Administration team and the Investments team.
The Pension Administration is responsible for the administration of pension benefits up to retirement and beyond. The team focuses on providing:
- pension calculations for members
- timely payment of benefits to members
- accurate information about the Fund
- support and guidance to employer organisations within the Scheme
The team also provides members with:
- an Annual Benefit Statement, outlining their current pension benefits, sent by 31 August (for ‘active’ and ’deferred’ members)
- regular updates outlining pension topics and any law/regulation changes
- a secure online portal – ‘MyPension’ - so that members can access their pension account online at any time
The Pensions Regulator
The Pensions Regulator (TPR) oversees the governance and administration of public service pension schemes, including the LGPS.
TPR has powers to protect members of work-based pension schemes and help to put matters right. In some cases, the regulator is able to fine trustees or employers and remove members of the committee from a scheme.
