Register of Interests for Pension Board Members
ABERDEEN CITY COUNCIL
ORDERS OF REFERENCE
The Committee will appoint the Convener of the Joint Investment
The Committee will specify the name of the Fund.
To authorise the Convener and Vice Convener of the Pensions
Committee to act on behalf of the Committee.
To prepare, maintain and publish the Governance Policy
To ensure that the Fund complies with:
the Local Government Pension Scheme Regulations 1998;
the Local Government (Discretionary Payments and Injury Benefits)
(Scotland) Regulations 1998;
the Local Government Pension Scheme (Management and Investment of
Funds) (Scotland) Regulations 1998 as amended; and
all other legislation governing the
administration of the Fund.
To ensure that an actuarial valuation is carried out on a triennial
basis and consider the outcome of the valuation, and to determine
the level of employer contributions necessary to ensure a 100%
To prepare, maintain and publish the Funding Strategy
To set the investment objective and strategy in light of the Fund's
To oversee and monitor the investment strategy and investment
management of the Pension Fund having considered the
recommendations of the Joint Investment Advisory Committee.
To receive on a quarterly basis a report from the Joint Investment
Advisory Committee on their recommendations with regard to the
appointment, retention and termination of fund management
To ensure that appropriate arrangements for the benefit
administration of the Pension Fund are in place.
To oversee admission agreements and their implementation.
To review on a regular basis, discretions available under
To receive reports from officers on regulation consultation
exercises carried out with the SPPA (Scottish Public Pensions
To prepare, maintain and publish the Communications policy.
To prepare, maintain and publish the Statement of Investment
To approve the budget and service plan.
To ensure that an effective system of internal financial control is
To review the annual report and accounting statement.
To consider all reports issued by internal and external audit on
the Pension Fund.