Formerly known as
Pension Fund
Investments Panel.
The Pension Fund Committee has the
following powers and duties:
1.
to exercise on behalf of the Council, all the powers and duties
of the Council in relation to its functions as Administering
Authority of the LB Harrow Pension Fund (the fund), save for those
matters delegated to other Committees of the Council or to an
Officer;
2.
the determination of applications under the Local
Government Superannuation Regulations and the Teachers’
Superannuation Regulations;
3.
to administer all
matters concerning the Council’s pension investments in
accordance with the law and Council policy;
4.
to establish a
strategy for the disposition of the pension investment portfolio;
and
5.
to appoint and
determine the investment managers’ delegation of powers of
management of the fund;
6.
to determine cases that satisfy the Early Retirement
provision under Regulation 26 of the Local Government Pension
Scheme Regulations 1997 (as amended), and to exercise discretion
under Regulations 8 of the Local Government (Early Termination of
Employment) (Discretionary Compensation) (England and Wales)
Regulations 2000 (as amended, subject to the conditions now agreed
in respect of all staff, excluding Chief Officers;
7.
to apply the arrangements set out in (6) above to
Chief Officers where the application has been recommended by the
Chief Executive, either on the grounds of redundancy, or in the
interests of the efficiency of the service, and where the
application was instigated by the Chief Executive in consultation
with the leaders of the political groups.
Information on how to
submit a petition,
deputation or public question is available on the council
website.