- Y Diweddaraf sydd Ar Gael (Diwygiedig)
- Gwreiddiol (a wnaed Fel)
The Local Government Pension Scheme (Governance) (Scotland) Regulations 2015
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- Offerynnau Statudol yr Alban
- 2015 No. 60
- Explanatory Note
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EXPLANATORY NOTE
(This note is not part of the Regulations)
These Regulations include provisions relating to the establishment of a Scheme Advisory Board and pension boards for the purposes of the Local Government Pension Scheme.
Regulation 2 establishes the Scheme Advisory Board whose main functions are (a) to provide advice to the Scottish Ministers on the desirability of changes to the Scheme; and (b) to provide advice to the scheme managers or the Scheme’s pension boards.
Regulation 3 provides for the constitution of the Scheme Advisory Board, providing that it must have equal representation on it of 7 scheme employer and 7 relevant trade union representatives chosen by their respective organisations.
Regulation 4 provides against conflicts of interest of members of the Scheme Advisory Board.
Regulation 5 provides for the establishment for each scheme manager of a Pension Board with responsibility for assisting the scheme manager.
Regulation 6 provides for the constitution of pension boards, again with equal representation of Scheme employers and relevant Trade Unions.
Regulation 7 provides against conflicts of interest of members of pension boards.
Regulation 8 sets out the remit of pension boards.
Regulation 9 provides for a process of review in case of a disagreement on certain matters between a Pension Board and a Pension Committee.
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Policy Note
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