Essex Pension Fund is one of around 100 across the UK which
together make up the Local Government Pension Scheme (LGPS).
In fact the LGPS is not just one of the largest pension schemes
in the UK but also one of the largest in Europe with over 4.6
million scheme members. To qualify to be a member of the LGPS you
must work in local government and not be entitled to join another
public sector pension scheme.
The LGPS is also a statutory scheme which means the scheme is
very secure as it is backed by central government. Not only that
but it is the only public sector pension scheme that has a pension
fund. However, the value of pension benefits scheme members are
paid in retirement is not determined by the size of the fund but
defined and set out in law which is why the LGPS is referred to as
a Defined Benefit (DB) scheme.
Members of the Essex Pension Fund include people who work for
Essex County Council, district and borough councils as well as a
whole range of other organisations such as schools, academies,
colleges, town and parish councils and charities who have applied
to be part of the fund. The Essex Pension Fund is one of the
largest LGPS funds in the country with over 400 participating
Essex County Council is the administering authority for the
Essex Pension Fund. The Essex Pension Fund Board oversees the
management of the fund and the day to day fund administration is
undertaken by the following teams:
We are the scheme administrators of the Essex Pension Fund.
This involves looking after the day to day running of the Essex
Pension Fund dealing with the post / document imaging, member
records and calculation of benefits relating to over 128,000 scheme
members. We also liaise with employers, scheme members and
associated third parties recording scheme member details and
pensionable employment data. We also produce annual benefit
statements and in an average month we can handle up to 3000
telephone calls and reply to over 400 emails.
However, our primary responsibility is to ensure pension
benefits are calculated and paid correctly. Payments are made in a
variety circumstances including retirement, redundancy, ill health
or are transferred to another pension arrangement.
The administration of the LGPS has become more complex over the
last few years due to a great deal of change to both the scheme
itself, a new scheme was launched on 1 April 2014, and the pension
industry in general. To help employers and scheme members
understand the scheme benefits and some of the overriding
legislation we produce a regular newsletter "PRIME", visit
employers providing presentations and a roadshow for employees to
come and discuss their pension benefits.
If you have any queries please do not hesitate to contact
Contributions Team (fund accounts, contributions and
We are responsible for overseeing the investment strategy of the
fund ensuring the funds investment managers are performing in
accordance with our expectations.
The team regularly review performance and are responsible for
producing the annual reports and accounts (which you can find in
the Forms and publications section) and work closely with the
Investment Steering Committee (ISC).
The Essex Pension Fund is valued at £4 billion (as at
For further information please contact investments.
The Pensioner Payroll Team is responsible for paying all the
Essex Fund Pensioners as well as pensioners of the Firefighters
The fund has approximatley 35,000 pensioners who receive between
them about £11.5 million in pension each month. That sounds a lot
but in reality this means the average pension is less than £330 per
month or less than £4000 per year.
The team are also responsible for providing pay advices, P60s
and more recently the enewsletter "Your Time", which you can find
in the Forms and publications section. If you wish to receive
copies of "Your Time" please email the team at
[email protected] and we'll add you to our emailing list.
If you are receiving a pension from the Essex Pension Fund and
have any queries please do not hesitate to contact pensioner