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Keolis Amey Operations Pensions Committee vacancy

11 April 2019

This circular is to invite TSSA members to nominate for the position of Member Appointee for the TSSA seat on the Keolis Amey Operations Pensions Committee.

Keolis Amey Operations employees are entitled to paid release to attend these meetings.

At these meetings, decisions are taken on investments, applications for certain pension benefits from individual members and overall management and administration of the scheme that is in the best interests of members and the pension scheme. On the reverse of this circular is a role description which provides more information on key responsibilities.

The Pension Administrators and TSSA offer a comprehensive training in which you will be entitled to paid release from duties to attend.

If you wish to stand for this position, please let us know by contacting Natalie Feeley, TSSA Organiser via email at feeleyn@tssa.org.uk no later than Friday 26 April 2019. You will need to complete a nomination form (available by clicking here   KAO Pensions Nomination Form ) which will need to be supported by six signatures from fellow TSSA active pension scheme members.

Successful candidates will be notified as soon as practicable after the closing date.

If we have more than one nominee, there will be a vote of TSSA members to decide who will take up this important role.

The role of a Pensions Committee Member appointee

The role of a Pensions Committee member is a responsible one which has a specified range of duties and responsibilities as set out in the terms of the Pensions Trust and Section rules and the Committee specifically has been given responsibility to decide on investment policy. Certain powers are delegated to the Pensions Committee by way of a Scheme of Delegation.

 

For all intents and purposes, Pensions Committee members are considered local trustees and accordingly have the responsibilities of a trustee. Training is provided in accordance with the provisions of the Pensions Act 1995 and Trustee Knowledge and Understanding (TKU) regulations. The main duties and powers of a Pension Scheme Trustee are:

· To act in accordance with the Trust Deed and Rules of the Scheme, within the framework of the law.

· To act prudently, conscientiously and honestly with the utmost of good faith.

· To act in the best interests of all beneficiaries and strike a fair balance between the interests of different classes of beneficiary.

· To take advice on technical matters and any other matters which the trustee does not understand.

This is a non-remunerative post (expenses incurred to attend meetings are reimbursed) but, as a Pensions Committee member you will have the opportunity to build up new areas of expertise, undergo training, gain recognised status and visibility and your involvement will provide a worthwhile service to your fellow Scheme members in helping to run and grow the Scheme. 

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