How the Fund works

Each month our active members and their employers pay into the pension scheme. We invest these contributions in assets such as company shares and property which are managed by professional investment managers.

We invest to achieve our key aims:

• paying pensions every month, 
• tackling climate change, and 
• making the Scheme affordable for local employers.

As a government-backed scheme, members’ pensions provide a guaranteed income which is increased every year with inflation.