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.

They have delegated responsibility to the Pensions Committee.

Responsibilities

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
• all other relevant policies.

Membership of the Pension Committee

The Pension Committee is made up of:

• Councillors
• Employee representatives
• Employer representatives

each having one vote.

The membership of the Committee from March 2023 is as follows:

Councillors

• Cllr David Crabtree
• Cllr Peter Perry
• Cllr John Tivnan
• Cllr Christopher Wells
• Cllr Mike Thomas (Vice Chair)
• Cllr John Morgan
• Cllr Colin Martin
• Cllr Jayne Kirkham (Chair)

Employee Representatives

• Mr N Olgard
• Mr A Stott

Employer Representatives

• Mrs J Martin
• Mr C Wilson

Related Documents

See below for the:

• Policy for Reporting Breaches in Law
• Training Strategy
• Role of the Employer Representative

For more information please see the Councillors and Democracy section. This includes the agendas and minutes of the Pension Committee.