PENSIONS COMMITTEE
The Committee is comprised of 15 members, 10 of whom are members from Wirral Council with 4 members representing the other Local Authorities (Knowsley, Liverpool, Sefton and St Helens) and one member representing the other employing organisations in the Fund.
In addition, three trade union representatives attend to represent all current and former members of the Scheme as well as their own trade union members in their wider role as employee representatives.
The Pensions Committee meets at least five times a year. These meetings are held at Wallasey Town Hall, are open to the public and minuted.
Pensions Committee Responsibilities
- To exercise on behalf of the Council all of the powers and duties of the Council in relation to its functions as Administering Authority of the County of Merseyside Pension Fund;
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To monitor and guide the overall investment strategy adopted by the Investment Monitoring Working Party and the overall performance of the Fund;
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To appoint the professional advisers to the Fund and agree the basis for their commission and remuneration;
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To receive actuarial valuations of the Fund and determine the level of employers' contributions necessary to balance the Fund;
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To monitor the Local Government Pension Scheme including the benefit regulations and payment of pensions and their day to day administration;
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To consider any views expressed by employing organisations and staff representatives.
