The role of the Local Pension Board is to assist the scheme
manager (known as the administering authority) in securing compliance with the
Local Government Pension Scheme regulations, other legislation and the requirements
of the Pensions Regulator. Unlike the Local Pension Committee, the focus of the
Board is on administration not investments.
The Local Pension Board for the Leicestershire Pension Fund
comprises of six representatives; three employer representatives who are all
elected members (two from Leicestershire County Council and one from Leicester
City Council) and three employee representatives (all scheme members).
The Terms of Reference for the Board were agreed on the 16
September 2019 and can be viewed here.