Responsibilities of the Pensions Committee

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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:
  • 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.