administration update nicola webb hertfordshire county council hertfordshire county council ...
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Administration Update
Nicola WebbHertfordshire County Council
Hertfordshire County Councilwww.hertsdirect.org
HERTFORDSHIRE PENSION FUND
Items to Cover
Reporting on Administration
Administration Strategy
Pension Administration Contract
Collection of Data
Communication & Contacts
Reporting on Administration
Quarterly to Investment Committee
Pension Fund Statistics Key processes & performance data Key activities
HCC, Serco & Employers
Reporting on Administration
Pension Fund Statistics
February 2010
Active Members 28,442
Deferred Beneficiaries 23,873
Pensioners 19,866
Employers 169
Reporting on Administration
Key processes & performance data
HCC - employers admission 18- employers terminating 4
Serco - key processes per month 1,948
Employers - paying contributions late 9
Administration Strategy
What is an administration strategy?
LGPS regulations definition
Clear responsibilities
Promote good working relations
Administration Strategy
Preparation & Consultation
Circulated draft in October 2009
23 responses
Changes made to draft
Final approved by Investment Committee
Administration Strategy
Implementation Strategy
Effective 1st January 2010
Working with employers
Monitoring via Investment Committeeand Annual Report
Pensions Administration Contract
HCC’s managed service contract ends 31st March 2011
Separate tender process for pensions
Project team
HCC Officers Bob Jewell, Welwyn Hatfield Borough Council Support from Hymans Roberson
Pensions Administration Contract
Timeline
February 2010 OJEU notice
March 2010 PQQs returned
April 2010 Tender documents to be issued
Summer 2010 Evaluation of tenders
1st October 2010 Provider appointed
October to March Transition period
1st April 2011 New contract commences
Collection of Data
Shortened timescales
By 30th April 2010
Government requirement
Support
Spreadsheet emailed to employers
Workshops
Communication & Contacts
Quarterly newsletters
March, June, September and December
Contacts
Serco [email protected]
Website www.hertsdirect.org/pensions