Requirement for knowledge and understanding: pension boards of public service pension schemes225A

1

This Article applies to every individual who is a member of the pension board of a public service pension scheme.

2

An individual to whom this Article applies must be conversant with—

a

the rules of the scheme, and

b

any document recording policy about the administration of the scheme which is for the time being adopted in relation to the scheme.

3

An individual to whom this Article applies must have knowledge and understanding of—

a

the law relating to pensions, and

b

such other matters as may be prescribed.

4

The degree of knowledge and understanding required by paragraph (3) is that appropriate for the purposes of enabling the individual properly to exercise the functions of a member of the pension board.