Who runs the pension fund
The Tayside Pension Fund is administered by Dundee City Council.
This means that Dundee City 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 Section of Dundee City Council are responsible for the day-to-day running of the Fund.
Dundee City Council has set up the Tayside Pension Sub-Committee to make decisions and take responsibility for the management of the Fund.
A Pension Board has also been appointed to assist the Tayside Pension Fund in complying with all of the legislative requirements and making sure that the scheme is being efficiently & effectively governed and managed.