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What is the CSPB? The CSPB was created in 2010, the first board to - - PowerPoint PPT Presentation
What is the CSPB? The CSPB was created in 2010, the first board to - - PowerPoint PPT Presentation
What is the CSPB? The CSPB was created in 2010, the first board to be set up for a Public Service Pensions Scheme. It has no decision making powers. The Public Service Pension Act 2013 put the CSPB on a formal legal format in April 2015.
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Governance Roles and Responsibilities
www.civilservicepensionscheme.org.uk
Body/Pers
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Role Principal responsibilities Legislation or policy Minister for the Cabinet Office Scheme Manager The Scheme Manager is responsible for managing the scheme and ensuring that it runs within given regulations and policy. Public Service Pensions Act 2013 Civil Service Pension Board Assisting the scheme manager in delivering the Civil Service pension arrangements Providing support and constructive challenge to the Cabinet Office as scheme manager. Meeting requirements set out in TPR’s guidance Public Service Pensions Act 2013
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CSPB’s membership
www.civilservicepensionscheme.org.uk
Non Executives Scheme member reps Employer reps
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How does the CSPB work?
www.civilservicepensionscheme.org.uk
The CSPB meets at least quarterly throughout the year The CSPB has two Sub Groups, to look more in depth at a range of issues. These include: the Defined Benefit arrangements; GMP; Defined Contribution issues; risk; audit; and engaging with stakeholders. It works with a wide range of stakeholders to review issues including: BM’s, Cabinet Office Pensions Team, Civil Service Trade Unions, Employers, Other Public sector pension boards, tPR, TPA, Scheme Members.
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