Lancashire County Pension Fund Governance
Lancashire County Pension Fund is a local authority pension scheme. Contributions to the Fund come in via deduction from members' salaries and directly from employers. The payment of benefits paid from the Fund is managed by the Lancashire Pensions Service with benefits payable based on members' pay and the number of years of membership of the Fund
The Fund's accumulated contributions are invested and used to pay the benefits. These investments are managed through the Pension Fund Committee and the Pension Fund is subject to stringent reporting and governance rules.