You are:

News

Return to news listings

RPS Eurostar Section - Appointment of TSSA Member to Pensions Committee

2 February 2016

This is an invitation for TSSA members, who are current active members of the Eurostar Section of the Railways Pension Scheme to nominate for the position of Member Appointee for the TSSA seat on the Eurostar Pensions Committee

 

This is due to our current member Nick Child’s term of office coming to an end.

This appointment will be for a period of three years and will involve attendance at the Eurostar RPS Section Committee meetings which usually take place four mornings per year and last 2-3 hours. Eurostar 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 RPS members and the pension scheme. Below is a role description which provides more information on key responsibilities and nominees must make themselves aware of the regulation of business and Pensions Act (1995) information relating to persons disqualified or prohibited from undertaking this role via the links below:

Pensions Act 1995 Declaration form covering letter and chart     

  Regulation of Business for Eurostar Section

Role description - Committee Member

Nomination form

Knowledge of the Railways Pension scheme is desirable, however the Pension Administrators and TSSA offer a comprehensive programme of 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 Tony Wheeler, TSSA Organiser via email no later than Monday 22 February 2016. You will need to complete a nomination form which will need to be supported by six signatures from fellow TSSA active pension scheme members in the Eurostar RPS.

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 successfully elected member will be invited to attend the next Committee meeting on 8 March 2016 at Times House as an observer and will formally take up the position from May 2016. The following meeting will be on 3 June 2016 where the appointed member will take up a full active role in the committee. If you wish to know more about the role, please get in touch.

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.

In general, there will be four meetings of the Committee each year, held at Times House, London. Special meetings may be called in the interim periods from time to time when Committee business requires urgent consideration. 

 

Return to news listings

Join TSSA

 

 

Directory