Lincolnshire Pension Fund

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

Pension Committee details

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 March 2024
View the summary of investments at 30 June 2024
View the summary of investments at 30 September 2024
View the summary of investments at 31 December 2024

Quarterly stewardship update

This document provides details of the stewardship activities completed on behalf of the fund, and is updated quarterly.

Lincolnshire Pension Fund - stewardship code update October 2024 to December 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
  • Overseas Developed Equity
  • Global Property
  • Multi-Factor Equity

Over time, more of the fund's assets will be invested in Border to Coast.

Visit 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.

Scheme member representative vacancy

If you are interested in how the Lincolnshire Pension Fund is managed and have time to work with us to improve the governance and administration of the fund, a scheme member representative role might be for you!

The pension board oversees the governance and administration arrangements for the Lincolnshire Pension Fund.

The pension board meets at County Offices in Lincoln four times a year, and there are lots of opportunities for training.

The board are also welcome to attend the pensions committee meetings as observers. Pensions committee meetings are held on the mornings of the board meetings.

For more information,, contact the head of Lincolnshire Pension Fund at jo.kempton@lincolnshire.gov.uk or 01522 553656.

If this voluntary role is of interest to you and you’d like to nominate yourself, email jo.kempton@lincolnshire.gov.uk

Please include a brief note covering the points below:

  • reasons for nominating yourself
  • background information
  • evidence of capacity to represent all scheme members
  • relevant or similar experience in acting as a representative
  • if a contributing member, approval from current employer (if required) to commit to the time to attend meetings and training

Nominations will close on 9 May 2025. Once nominations are received, the scheme manager will invite to interview suitable candidates. They will select a representative, using the responsibilities, qualities and experience or knowledge requirements set out in the representative role description. Interviews will be held on 23 May 2025.

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