Membership of the Strathclyde Pension Fund is limited to the employees (and former employees) of certain organisations, mostly public sector employers within the former Strathclyde area.
A full listing of our contributing employers is provided on pages 49 to 51 of our Annual Report for the year to 31st March 2011.
Leaving the scheme
If your organisation is an admitted body and decides to leave the scheme - a “cessation of admitted body” - your employees remain deferred members and will still be expecting a pension from us.
Because of this, all your current and future liabilities will need to be paid off, together with other rates and adjustments to the Fund.
The Fund’s actuaries will need to calculate how much this will be, and you will be invoiced for it. This could be a substantial amount, and it’s payable in one lump sum, so assess your options very carefully.
You must contact us if you wish to leave the scheme.