LGPS Governance Changes… Your Pension Fund Needs You

Protect Our PensionsBy April 2015 every LGPS fund in England, Scotland and Wales must establish a fund board with half the seats going to scheme members. This is a historic phase in member involvement in the running of your pension fund.

UNISON has been campaigning for over 7 years for members to be involved in the decision making processes of the LPGS funds. Every other pension fund in the UK has member representatives, many nominated by their trade union.

We need UNISON members, like you, to step up and take on this exciting role.

To express an interest, or for more information, please contact the region’s lead officer – Mike Booth m.booth@unison.co.uk

There is also information in the attached leaftlet: LGPS 2014 – Your Pension Fund Needs You

And below is a Q&A to help you through the issues.

Who can be reps?

You will have to be a scheme member or pensioner, but we need more scheme members because pensioners are already getting their benefits.

 Will there be training?

Yes, you must do union training and your pension fund will train you. There are two union courses: one on benefits/administration and one on governance/investments.

 Why do I need training?

The regulations will instruct you to be trained and be knowledgeable of your scheme within 6 months of becoming a rep – the union will support you throughout the process.

 Will I get time off?

Yes, your pension fund will pay your employer for your time off and your expenses.

 What will my role be?

You will represent scheme members and pensioners and advise and assist your pension fund to make decisions that ensure pensioners are paid, administration and investments are efficient and effective.

 How are reps chosen?

Your UNISON region will ensure you are nominated, and then you will either be elected or appointed to your fund board. In order to be nominated you must have undertaken union training.

 How will I be supported by UNISON?

There is an officer and lead rep in every region and a national officer to provide support. You will also get access to a UNISON website full of materials and discussions with board members from the UK.

 How long will I be a board member?

Each term will be no longer than five years.

This entry was posted in News. Bookmark the permalink. Both comments and trackbacks are currently closed.
404