What is the role of the Pension Board?

A picture of a microphone in a formal meeting

The Pension Board at East Sussex Pension Fund plays an important role in providing oversight of the governance and administration of the Fund. It is an advisory body which can provide advice and steer to the Pension Committee, which makes decisions on how the Fund should operate.

How is the Board made up?

The Pension Board consists of:

·        Three employer representatives

·        Three scheme member representatives

·        A non-voting, independent chair.

The three employer representatives are ideally drawn from different types of employers in the Fund. Currently, there is one from Brighton and Hove City Council, the largest employer outside of East Sussex Council and one from the district and borough councils. The remaining post was held previously by an education sector employer.

What does ‘being on the Board’ entail?

Business meeting - a picture

Members of the Pension Board are expected to:

·        Attend and contribute to quarterly Board meetings.

·        Participate in working groups which focus on specific challenges facing the Pension Fund.

·        Represent all scheme employers and provide a mechanism for employers to feed into the governance and administration of the Fund

·        Develop and maintain the knowledge and understanding required to carry out their role by attending training courses, webinars and through online training modules regularly and complete an annual knowledge assessment.

The training commitment in the first year in the role is likely to be relatively high to get to an appropriate level of knowledge to contribute (depending on experience); with an ongoing commitment of approximately 30 hours per year.

What to do next

Snapshot of a CV

If there is someone you would like to put forward for this position, please let us know by 30 April 2024.

You should send us a covering letter, no longer than 1 page, explaining:

1.    Why you are nominating the person

2.    What they would bring to the role (with a copy of their CV)

Please email: [email protected].

When we have reached the closing date the prospective candidates will be assessed, and three candidates interviewed. The results of the interview process will then be referred to East Sussex County Council’s Governance Committee, which will make the decision as to who should be appointed to the Pension Board.

If you have any questions, or would like any further information please email: [email protected]

Many thanks,

East Sussex Pension Fund