Role of the Local Pension Board
The role of the local Pension Board, as
defined by Regulation 106 of the Local Government Pension Scheme
Regulations 2013 is to assist the County Council as Administering
Authority:
(a) to secure compliance
with:
(i) the scheme regulations;
(ii) any other
legislation relating to the governance and administration of the
LGPS Scheme and any connected scheme;
(iii) any
requirements imposed by the Pensions Regulator in relation to the
LGPS Scheme.
(b) to ensure the effective and
efficient governance and administration of the LGPS
Scheme.
The Local Pension Board will ensure it
effectively and efficiently complies with the Code of Practice on
the governance and administration of public service pension schemes
issued by the Pension Regulator.
The Local Pension Board will also help ensure
that the Surrey Pension Fund is managed and administered
effectively and efficiently and complies with the Code of Practice
on the governance and administration of public service pension
schemes issued by the Pension Regulator.
The Local Pension Board has power to do
anything that is calculated to facilitate or is conducive or
incidental to the discharge of any of its functions.