Regulation 6 Membership of the pensions boardI1 C1

United Kingdom

(1)

The pensions board is to consist of the following who are entitled to vote in its proceedings (“voting members”)—

(a)

a chair appointed by the scheme manager; and

(b)

at least 6 and no more than 20 persons appointed by the chair with the agreement of the scheme manager.

(2)

The voting members must include—

(a)

a departmental finance director or similar representative; and

(b)

equal numbers of members representing the employer and scheme members.

(3)

The chair may appoint up to 4 persons who are not to be entitled to vote in the pensions board proceedings.

(4)

The appointment of a person to the pensions board is subject to regulation 8 (conflict of interest: pensions board).

Annotations

C1: Regs. 4-8 applied (with modifications) (1.4.2015) by The Armed Forces Early Departure Payments Scheme Regulations 2014 (S.I. 2014/2328), regs. 1(2), 3