Bedfordshire Pension Fund Website

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About Bedfordshire Pension Fund

Bedfordshire Pension Fund, administered by Bedford Borough Council, is responsible for the pensions of Local Government employees across Bedfordshire, including Luton Borough Council and Central Bedfordshire Council.  The Local Government Pension Scheme (LGPS) is one of the largest public sector pension schemes in the UK.  It is a nationwide pension scheme for people working in Local Government or working for other types of employer participating in the scheme.

 

The LGPS is administered locally through regional pension funds. The national website for the LGPS is lgpsmember.org

 

The Local Government Pension Scheme (LGPS) administered by Bedford Borough Council was established in 1974 to cover the future pension entitlements of all eligible employees of the Borough and Unitary Councils, other than teaching staff who have their own pension scheme. A number of other bodies also participate in the pension scheme as of right (scheduled bodies) or are admitted to the scheme following application for membership (admitted bodies).

The scheme is required to be funded and is financed by contributions from employees and employers and by earnings from investments. Cash not immediately required to meet pensions and other benefits is invested in a selection of securities, equities and property. The Pension Fund must be sufficient to sustain the future pension entitlements of both past and present employees. This is achieved by adjusting the level of employers contributions every three years following an actuarial review of the fund by the fund's actuary.

You can view our presentation on how the profile of the Fund has changed in recent years.

 

Bedfordshire Pension Fund

Bedford Borough Council has delegated day to day pensions operations to the Assistant Chief Executive and Chief Finance Officer.  The Pension Fund Panel considers both Pension Fund Investment and Pension Fund administration matters. The Panels' minutes are expected to be reported to the Pension Fund Committee.

For more information about the Fund please explore the options available using the menu on the left.
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The Scheme

The Local Government Pension Scheme is statutorily based and is governed by the Local Government Pension Scheme Regulations 2013 and subsequent amendments and regulations.

The information contained in this site is for general use and cannot cover every personal circumstance or specific protected rights. In the event of any dispute over pension benefits, the appropriate legislation will prevail. This site does not confer any statutory rights and is provided for information purposes only.