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Report to: |
Governance Committee
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Date of meeting:
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28 September 2023 |
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By: |
Chief Finance Officer
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Title: |
East Sussex Pension Fund – Pension Board appointments
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Purpose: |
To appoint representatives to the Pension Board, in line with the constitutional requirement |
RECOMMENDATIONS
The Governance Committee is recommended to:
1) Agree the appointment of Trevor Redmond to the East Sussex Pension Board (for the period 28 September 2023 to 27 September 2025)
2) Agree the appointment of Neil Simpson and Cllr Andrew Wilson as Pension Board Vice Chairs
1. Background
1.1 The Local Pension Board of the East Sussex Pension Fund was set up to meet the requirements of the Public Service Pension Act 2013, requiring Funds in the Local Government Pension Scheme to have a Pension Board whose duties are to provide advice to the Administering Authority. The Pension Board is not a decision-making body. Under the East Sussex County Council Constitution, appointments to the Pension Board are reserved to the Governance Committee.
1.2 The Pension Board consists of 3 employer representatives, 3 member representatives and an independent chair. There is currently a single vacancy on the Pension Board, for a member representative. This vacancy is for a position normally filled by the Unison Trade Union.
1.3 The constitution calls for there to be 2 Vice Chairs of the Pension Board, one drawn from each of the member and employer representatives. These positions are currently vacant following the recent changes in membership of the Pension Board.
2. Appointment of the Member Representative
2.1 Unison has put forward a nominee for the vacant member representative position, Trevor Redmond. Officers and the Chair of the Pension Board met with Trevor Redmond to discuss their [BF1] interest in the role and suitability for the position.
2.2 The Pension Board Chair and Officers believe Trevor would be a suitable addition to the Pension Board and offers a skillset which will assist the Board in carrying out its duties.
2.3 Pension Board members are usually appointed for a term of 4 years, with Governance Committee being able to extend this period for two years without a full re-appointment process being required.
2.4 In the past year, there has been a significant turnover of Pension Board membership, as representatives have stood down for various reasons. Officers recommend this appointment be made for a period of 2 years (being 28 September 2023 to 27 September 2025) to mitigate the risk of board membership appointment terms all expiring at a similar time.
3. Appointment of Vice Chairs
3.1 Neil Simpson, a member representative, and Cllr Andrew Wilson, an employer representative, have been nominated by the Pension Board members for the vacant Vice Chair positions. Officers have no concerns regarding these appointments being made and would recommend Governance Committee approves them.
4. Conclusion
4.1 The Governance Committee is recommended to:[BF2]
1. Agree the appointment of Trevor Redmond to the Pension Board for a period of 2 years (being 28 September 2023 to 27 September 2025)
2. Agree the appointment Neil Simpson and Cllr Andrew Wilson as Vice Chairs of the Pension Board.
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IAN GUTSELL |
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Chief Finance Officer |
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Contact Officer: |
Sian Kunert, Head of Pensions |
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Email: |
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