Regulation 6 Constitution of Pension Board

(1)

A Pension Board is to comprise an equal number of representatives appointed by scheme employers and relevant trade unions.

(2)

A Pension Board is to comprise at least—

(a)

4 representatives appointed by scheme employers; and

(b)

4 representatives appointed by relevant trade unions.

(3)

Each set of representatives referred to in paragraph (1) is to nominate one of their number for appointment as Chair of the Pension Board of which they are a member.

(4)

The persons nominated under paragraph (3) are to be appointed as Chair of the Pension Board for alternate years.

(5)

A Pension Board is to have two Joint Secretaries, one of whom is to be appointed by the scheme employers and the other by relevant trade unions.

(6)

Persons other than the members of a Pension Board may attend meetings of that Board (at the discretion of the Chair as to numbers).

(7)

The Scottish Ministers may publish a model constitution setting out administrative arrangements for Pension Boards which a Pension Board may adopt or tailor to their circumstances.

(8)

In the case of disagreement on a matter relating to the establishment of a constitution, the Pension Board is to apply to the Scheme Advisory Board for advice on resolving the disagreement.

(9)

The reasonable administration costs of a Pension Board are to be met out of the relevant fund.

(10)

A Pension Board—

(a)

is to meet at the same place and time as the Pension Committee of the scheme manager to consider the same agenda as the Committee; but

(b)

the Pension Board may meet separately from the Pension Committee with the agreement of the Pension Committee.

(11)

If a meeting to which paragraph (10)(a) refers takes place the Chair of the Pension Committee is entitled to act as Chair of that meeting.