What is the Pensions Committee?
The Pensions Committee, a sub-Committee of the London Borough of Hackney Pensions Board, has delegated responsibility for considering all pensions matters on behalf of the Board. It operates in compliance with the relevant provisions of the Financial Memorandum and the Scheme of Delegation. Its key responsibilities are the management of funds and custody of assets, including securing of Grant in Aid to cover Closed Fund liabilities. It is also responsible for scheme administration and benefit disbursement.
Members of the Pensions Committee are detailed below:
Members
Cllr Samantha Lloyd (Chair)
Cllr Robert Chapman (Vice Chair)
Cllr Abraham Jacobson
Cllr Daniel Kemp
Cllr Geoff Taylor
Cllr Patrick Vernon
Co-Opted Members
Neil Isaac (Employer Representative)
Christine Knowlden (Scheme Member Representative)
The Pensions Committee Terms of Reference
The Delegated Powers of the Pensions Committee are as follows:
- To agree the investment stategy having regard to the advice of the Fund’s managers and the independent adviser.
- To determine the Fund management arrangements and appointments of Fund Managers and Fund Advisers.
- To agree to the admission of bodies into the Council’s Pension Scheme.
- To agree discretionary payments in respect of pension and retirement matters.
- To agree actuarial valuations.
Pensions Committee Reports
Agendas and reports are available from the Hackney Council - Committee Reports Archive web page and by selecting Pensions Sub-Committee from the drop down list in the database search facility.