Governance
The Scheme is governed in the interest of Members and Sponsor by a Board of Trustees appointed in accordance with Section 18 of Parliamentary Pensions Act.
Composition of Board of Trustees
The Board of Trustees is composed of 8 members consisting of.
- The Minister responsible for finance or his or her representative.
- Two back bench Members of Parliament elected from different political parties or organisations.
- One elected backbench Commissioner.
- One member of staff elected by the members of staff of the Parliamentary Commission; and two pensioners elected by the pensioners, one of whom is a former staff of the Parliamentary.
- Commission and the other a former Member of Parliament.
- The Clerk to Parliament (Secretary to the Board).
A Trustee may serve for a period of five years but eligible to serve one other term.