EC Meeting July 2017

the number and proportion of the trustee board as a whole, with a request to the trustees and PCS to agree to an amendment to give effect to the proposal.

Post-script: PCS

PCS has a considerable stake in the Scheme. As at 31 December 2015 (the most recent completed valuation) the PCS Section had assets of £3.33m and liabilities of £3.38m. One member-nominated trustee is a PCS member, but PCS in its guise as a sponsoring employer has no formal role in the trusteeship.

On occasion, particularly when the valuation is being conducted or investments are being considered, the trustees would be assisted by direct contact with PCS.

You could reserve one of the employer-nominated positions for a PCS representative. Or you and the trustees could formally invite PCS to send an observer to all trustee meetings.

4