The Pension Trustees are responsible for the Church's three defined benefit pension schemes, which are now closed to future accrual and new members. The schemes are for:
- Ministers and Overseas Missionaries (including sections for Ministers Main Pension Fund, Widows and Orphans and the Contributors Fund.
- Staff (including sections for staff of the Social Care Council and of the Central Services Committee)
- Ministries Development Staff (previously know as the scheme for Presbytery and Parish Workers)
The benefits provided by the three pension schemes differ in detail, but all exist to provide a pension to the scheme member. Members of these schemes also have the option to make additional voluntary contributions.
The Pension Trustees remit
The Trustees' duties and powers are detailed in Trust law, pensions acts and other regulations, but their main duty is to administer the pension schemes and invest the scheme funds accordingly.
The investment of the funds is delegated to external investment managers under the guidelines and investment principles set up by the Trustees. These managers are: Aberdeen Standard Investments, Legal And General Investment Management Ltd., and Baillie Gifford & Co.
Pension documents for the General Assembly 2019
- Background information about the Church of Scotland pension schemes
- Conflicts of Interest Policy and Register - February 2019
- Feedback on Trustees deliverance report and Trustee board governance
The General Assembly may appoint up to six Employer nominated Trustees. Scheme members may nominate up to three Member Nominated Trustees.The chairperson is Graeme Caughey and vice-chairperson is Douglas Millar.
Contact for more information
For further information about any of the Church of Scotland pension schemes please contact firstname.lastname@example.org