Information for members
There are three types of members of the scheme:
- Active: You are currently paying contributions into the Fund
- Deferred: You have previously paid into the Fund and since leaving have left your pension on hold with us
- Pensioner: You are drawing your pension
Lincolnshire Pension Fund works with West Yorkshire Pension Fund to deliver administrative services such as the payment of pensions and answering questions on individual's pensions. If you have any questions about your pension, please contact West Yorkshire Pension Fund.
Visit West Yorkshire Pension Fund
Pension fund committee
The Pensions Committee oversees the work of the fund, and makes key decisions about how it is run.
The committee consists of:
- county councillors
- a scheme member representative
- representatives of other employers in the fund
Fund publications
The latest versions of Lincolnshire Pension Fund's publications and policy documents:
Fund investments
Lincolnshire Pension Fund invests the cash assets of the fund in order to earn a return to help pay member pensions. The documents below give further details of our investments.
Summary of investments
This document is updated quarterly and gives details of the Fund's holdings, including details of its Private Equity, Property and Infrastructure investments.
View the summary of investments at 31 December 2023
View the summary of investments at 31 March 2024
View the summary of investments at 30 June 2024
View the summary of investments at 30 September 2024
Asset pooling
In 2015, the government announced that Local Government Pension Fund investments should be merged into a smaller number of investment pools. Lincolnshire Pension Fund chose to become part of the Border to Coast Pensions Partnership and to date has invested in the following funds:
- UK Listed Equity
- Global Equity Alpha
- Multi Asset Credit
- Investment Grade Credit
Over time, more of the Fund's assets will be invested in Border to Coast.
Actuarial valuations
An actuarial valuation is carried out every three years and recommends the level of contributions for each of the participating employers in the fund for the following three years.
The past three valuation reports are available:
Pension fund board
Each Local Government Pension Scheme (LGPS) fund has a Local Pension Board. The Board plays an important role in making sure that the Fund is well-managed and is keeping scheme members’ records and pensions safe.
The Pension Board is made up of people who represent the Fund's members and employers. It supports the Pension Fund and the Pensions Committee by checking that LGPS rules are being followed and that the Fund is acting in line with guidance from the Pensions Regulator and other pensions legislation.
Appointment process - the process for appointments to the Pension Board
Knowledge and understanding policy - training policy for Board members
Appendix A: Knowledge and skills - suitable examples of areas of knowledge and understanding for Board members
Board meetings - agendas and minutes of recent board meetings
Independent chair role description - full description of the role of the Independent Chair of the Pension Board
Representative role description - full description of the role of Employer and member representatives on the Pension Board
Terms of reference - full Terms of Reference for Lincolnshire Pension Fund's Pension Board