Benefits accrued in the Local Government Pension Scheme are funded. This Fund is made up of contributions and earnings from investment of these contributions.
Two committees (the Pensions Commitee and the Pensions Panel) have been created to adminster the investment and details can be found by following the links below or by reading the Policies.
A new Local Pensions Board has also been set up according to the requirements of the Public Service Pensions Act 2013. The purpose of the Pensions Board is to assist the Scheme Manager, ensure that the governance and administration of the scheme is both effective and efficient. Details can be found by following the links below or by reading the Policies.