Responsibilities of the Pensions Committee

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Conference tableTo 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:
 
  • To monitor and guide the overall investment strategy adopted by the Investment Monitoring Working Party and the overall performance of the Fund;
  • To appoint the professional advisers to the Fund and agree the basis for their commission and remuneration;
  • To receive actuarial valuations of the Fund and determine the level of employers' contributions necessary to balance the Fund;
  • To monitor the Local Government Pension Scheme including the benefit regulations and payment of pensions and their day to day administration;
  • To consider any views expressed by employing organisations and staff representatives.