About the Powys Pension Fund

The Powys Pension Fund is part of the national Local Government Pension Scheme (LGPS)

If you join the fund you become a member and you will get a pension paid to you when you retire.

Members include people who work for Powys County Council (other than Teachers), and a range of other organisations such as local colleges or town and community councils who have applied to be part of the fund. More than 19 such organisations in Powys allow their employees to join the Fund.

The LGPS is a statutory scheme public service pension scheme. This means that it is very secure because the amount members are paid in retirement is defined and guaranteed in law.

Teachers have their own pension scheme and are not part of Powys County Council Pension Fund. Please click on the following link for information about pension arrangements for Teachers: www.teacherspensions.co.uk 

Who runs the pension fund?

The Powys County Council Pension Fund is run by Powys County Council.

This means that Powys County Council is the "administering authority" as defined in the Local Government Pension Scheme Regulations.

The Council manages the Fund via the Pensions and Investment Committee which makes decisions and takes responsibility for the management and investment of the Fund.

Administering authorities are required to act in the interests of all employers, members and their dependants within the Fund. The role of the administering authority is very similar to that of a trustee.

The Pensions Section at Powys County Council look after the day to day administration of the Local Government Pension Scheme.

The role of the Pensions Board is to assist in the good governance of the scheme through the monitoring of Fund performance and adherence to statutory duties. The Pensions Board is not a decision-making body - its role is to assist in the compliance with scheme rules.

The Powys Pension Fund is one of the participating pension funds within the Wales Pension Partnership (WPP). The WPP is a collaboration of the eight LGPS funds (Constituent Authorities) covering the whole of Wales and is one of eight national Local Government Pension pools.