About the Barking and Dagenham Pension Fund

The Barking and Dagenham Pension Fund is part of the national Local Government Pension Scheme (LGPS)

If you join the fund you become a member and you will get a pension paid to you when you retire.

Members include people who work for The London Borough of Barking & Dagenham (LBBD) Council, and a whole range other organisations such as local colleges, charities and companies providing services to the Borough who have applied to be part of the fund. More than 20 employers allow their employees to join the fund.

The LGPS is a statutory scheme. This means that it is very secure because the amount members are paid in retirement is defined and set out in law.

Teachers have their own pension schemes and are not part of LBBD Pension Fund.

Who runs the pension fund?

The London Borough of Barking & Dagenham Pension Fund is run by Barking & Dagenham Council.

This means that Barking & Dagenham Council is the "administering authority" in the Local Government Pension Scheme Regulations.

The Council has set up the LB of Barking & Dagenham Pension Fund Board to make decisions and take responsibility for management of the fund.

Administering authorities have to act in the interests of all employers, members and their dependants within the fund. The role of the administering authority is very similar to that of a trustee.

Pensions Services at LBBD Council look after the day to day running of the fund.