Administration Update Nicola Webb Hertfordshire County Council Hertfordshire County Council www.hertsdirect.org HERTFORDSHIRE PENSION FUND.

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  • Administration Update

    Nicola WebbHertfordshire County CouncilHERTFORDSHIRE PENSION FUND

  • Items to CoverReporting on Administration Administration Strategy Pension Administration Contract Collection of Data Communication & Contacts

  • Reporting on AdministrationQuarterly to Investment Committee Pension Fund StatisticsKey processes & performance dataKey activities HCC, Serco & Employers

  • Reporting on AdministrationPension Fund Statistics

    February 2010 Active Members28,442 Deferred Beneficiaries23,873Pensioners19,866Employers169

  • Reporting on AdministrationKey processes & performance data

    HCC - employers admission18 -employers terminating4 Serco-key processes per month1,948 Employers - paying contributions late9

  • Administration StrategyWhat is an administration strategy? LGPS regulations definition Clear responsibilities Promote good working relations

  • Administration StrategyPreparation & Consultation Circulated draft in October 2009 23 responses Changes made to draft Final approved by Investment Committee

  • Administration StrategyImplementation Strategy Effective 1st January 2010 Working with employers Monitoring via Investment Committee and Annual Report

  • Pensions Administration ContractHCCs managed service contract ends 31st March 2011 Separate tender process for pensions Project team HCC OfficersBob Jewell, Welwyn Hatfield Borough CouncilSupport from Hymans Roberson

  • Pensions Administration ContractTimeline February 2010OJEU notice March 2010PQQs returned April 2010Tender documents to be issued Summer 2010Evaluation of tenders 1st October 2010Provider appointed October to MarchTransition period 1st April 2011New contract commences

  • Collection of DataShortened timescales By 30th April 2010 Government requirement Support Spreadsheet emailed to employers Workshops

  • Communication & ContactsQuarterly newsletters March, June, September and December

    Contacts

    HCCpensions.team@hertscc.gov.uk Sercohcc.pensions@serco.com

    Websitewww.hertsdirect.org/pensions

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