Managing the fund

The rules and regulations that determine how we manage the Oxfordshire Pension Fund.

Formal statement and references

The LGPS is a tax-approved, defined benefit occupational pension scheme regulated under the Superannuation Act 1972. Scheme regulations are made under the Public Service Pension Schemes Act 2013.

The LGPS is a registered public service pension scheme under Chapter 2 of Part 4 of the Finance Act 2004. The scheme achieved automatic registration by virtue of Part 1 of Schedule 36 of that Act because it was, immediately before 6 April 2006, both:

  • a retirement benefits scheme approved under Chapter I of Part XIV of the Income and Corporation Taxes Act 1988
  • a relevant statutory scheme under section 611A of that Act

The scheme complies with the relevant provisions of the:

  • Pension Schemes Act 1993
  • Pensions Act 1995
  • Pensions Act 2004

The LGPS:

  • meets the government's standards under the automatic enrolment provisions of the Pensions Act 2008
  • holds a certificate issued by the scheme actuary to certify that it satisfies the cost of accruals test

Key information for employers in the scheme

Oxfordshire County Council Pension Fund's Pension Scheme:

  • registration number: PSR10079154
  • tax reference number: PSTR00328822RP

The Pension Regulator may also ask an employer for their employer number. This number is how the Oxfordshire Pension Fund identifies individual employers for administrative purposes.

Contact us if you are not sure what your employer number is.

Reference numbers before April 2016

The LGPS ceased to be contracted out of the State Second Pension (S2P) from April 2016. The reference numbers below applied to the Oxfordshire Pension Fund until the end of contracting out:

  • The employer contracted-out number (ECON) for Oxfordshire County Council is: E3900002R
  • The scheme contracted-out number (SCON) for Oxfordshire County Council is: S2700165T

Rules and regulations

Oxfordshire County Council has a legal duty to set up, maintain, administer and pay all benefits from the pension fund. There are rules that set out what the council should do to achieve those duties.

The Local Government Pension Scheme Regulations 2013 set out the current scheme covering:

  • membership
  • contributions
  • benefits

The Local Government Pension Scheme (Transitional Provisions, Savings and Amendment) Regulations 2014 contain elements from the previous regulations. These regulations carried forward these elements to support a member's protected pension provisions. They cross-refer to all other saved areas in earlier regulations.

The Local Government Pension Scheme (Management and Investment of Funds) Regulations 2016 contain the scheme rules for fund investment.

To promote transparency and accountability among pension fund stakeholders, these rules require the administering authority, Oxfordshire County Council, to prepare, maintain, and publish formal strategies, statements, and reports. View the fund policy documents and publications.