Who runs the pension fund

 Who runs the Essex Pension Fund?

The Essex Pension Fund is run by Essex County Council (ECC) which is the Administering Authority for the Local Government Pension Scheme (LGPS) in Essex.

The Administering Authority has responsibility for applying the statutory provisions of the LGPS regulations.

In 2008, ECC established the Essex Pension Fund Strategy Board (PSB) as an overarching body to oversee the functions of the County Council as the Administering Authority for the Fund.

The Public Service Pensions Act 2013 has required the creation of a second Board known as the Essex Pension Fund Advisory Board (PAB) in April 2015. The PAB is formed of an equal number of representatives from scheme employers and scheme members. Its purpose is to assist the PSB and Fund Officers to comply with their statutory duties under the LGPS and related pensions legislation.

All Fund Officers responsible for the administration of the Fund, including LGPS benefits administration, pensioner payroll, scheme employer functions and Investment functions, report to the PSB.

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