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Pensions Committee

Role of the Pensions Committee

Cornwall Council has set up a Pensions Committee to exercise its functions as the Administering Authority for the Local Government Pension Scheme. Under the Local Authority (Functions and Responsibilities) (England) Regulations 2000, the responsibility for the Local Government Pension Scheme lies with the full Council, who have delegated responsibility to the Pensions Committee.

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The responsibilities of the Committee includes 

  • the Fund’s investment strategy
  • the Statement of Investment Principle
  • acceptance of the triennial valuation report produced by the Fund Actuary
  • appointment of AVC providers
  • the appointment of investment managers, consultants and the custodian.

Other responsibilities include the approval of the Annual Business Plan, Annual Report and Accounts and all relevant policies.

The Pension Committee is made up of Councillor, employee and employer representatives each having one vote. The membership of the Committee from July 2020 is as follows:

  • Cllr Tom French
  • Cllr David Harris
  • Cllr John Herd
  • Cllr Derek Holley (Chair)
  • Cllr Sue James
  • Cllr Joanna Kenny
  • Cllr Jayne Kirkham
  • Cllr Pete Mitchell (Vice Chair)
  • Cllr Oliver Monk
  • Cllr John Wood
  • Mr N Olgard (Member Nominated Representative)
  • Mr A Stott (Member Nominated Representative)
  • Vacant (Employers’ Representative)
  • Mr C Wilson (Employers’ Representative)

More information including the agendas and minutes of the Pension Committee can be found in the Councillors and Democracy section of the Cornwall Council website.