The administering authority (West
Northamptonshire Council) as scheme manager under Section 4 of the
Public Service Pensions Act 2013 is required to establish a Local
Pension Board in accordance with Section 5 of that Act and under
Regulation 106 of the Local Government Pension Scheme Regulations
2013 (as amended).
The Board is independent of the Pension Committee and
is not a committee constituted under Section 101 of the Local
Government Act 1972 and therefore no general duties,
responsibilities or powers assigned to this such committees,
sub-committees, or officers under the constitution, standing orders
or scheme of delegation of the administering authority apply to the
Board unless expressly stated.
Role and Function
The role of the Local Pension Board is to
assist the administering authority (West Northamptonshire Council)
in its role as scheme manager of the Northamptonshire Local
Government Pension Scheme (LGPS). This covers all aspects of
governance and administration of the LGPS, including funding and
investments. The responsibilities of the Local Pensions Board
are:
To assist the administering authority in
securing compliance with:
-
The Local Government Pension Scheme
Regulations 2013;
-
Other legislation relating to the
governance and administration of the LGPS;
-
The requirements imposed by the Pensions
Regulator in relation to the LGPS; and to ensure the effective and
efficient governance and administration of the LGPS.