About the Scottish Borders Council Pension Fund

The Scottish Borders Council Pension Fund is part of the national Local Government Pension Scheme (LGPS)

The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law.

If you join the fund you become a member and you will get a pension paid to you when you retire.

Participating employers with Scottish Borders Council Pension Fund include:

• Scottish Borders Council
• Borders College
• Scottish Borders Housing Association
• LIVE Borders
• Jedburgh Leisure Facilities Trust
• CGI
• South of Scotland Enterprise
• and a range of other organisations who have applied to be part of the Fund.

There are 16 employer organisations within the Fund.

Teachers and operational staff in the police and fire and rescue service have their own pension schemes and are not part of Scottish Borders Council Pension Fund. These pension schemes are administered by the Scottish Public Pensions Agency in Tweedbank, Galashiels.

Who runs the pension fund?

The Scottish Borders Council Pension Fund is administered by Scottish Borders Council.

This means that Scottish Borders Council is regarded as the ‘administering authority’ within the Regulations of the Local Government Pension Scheme.

Administering authorities are required to act in the interests of all employers, members and their dependants within the Fund. The role of the 'administering authority' is very similar to that of a trustee.

The Pensions Team of Scottish Borders Council are responsible for the day-to-day running of the Fund.

Scottish Borders Council has set up a Pensions Fund Committee to make decisions and take responsibility for the management of the Fund.

The Pension Board has also been appointed to assist the Pension Fund in complying with all the legislative requirements and making sure that the scheme is being efficiently and effectively governed and managed.