The Research Council's Pension Scheme (RCPS) is by-analogy to the Principal Civil Service Pension Scheme (PCSPS), which means it follows the scheme rules of the PCSPS. The RCPS is a wholly unfunded scheme; essentially it relies on current and past employee and employer contributions to pay member and pension benefits.
Unlike a funded scheme, one where the contributions are invested, the RCPS does not have Scheme Trustees. Instead the RCPS is overseen by the 'RCPS Management Board'. The Management Board is made up of people from the member organisations; their remit is to represent the scheme as well as having oversight of JSS in their role as the scheme administrator.
JSS is a unit hosted by UK Research and Innovation (UKRI) where JSS staff are contractually employed by UKRI.
The RCPS Management Board are accountable to the RCPS Accounting Officer, who is Sir Mark Walport, Chief Executive of UK Research and Innovation (UKRI).
The RCPS Accounting Officer is appointed by the Department for Business, Energy & Industrial Strategy (BEIS). BEIS are the Responsible Authority for the Scheme.
The RCPS Management Board have Terms of Reference (PDF, 307KB) - opens in new window - in place that set out their role and responsibilities.
The current RCPS Board members are:
- John Arnott - Chair of the Management Board (UKRI)
- Jane Tirard - Diamond Light Source
- Crispin Dawe - UK SBS
- Tony Bell - Prospect Union
- Peter Ethelston - EPSRC, ESRC & AHRC
- Jan Juillerat - BBSRC
- Colin McInnes - Moredun Research Institute
- Anne Shaw - Innovate UK
- Jerry Snewin - STFC
- Heather Jones - NERC
Employers and JSS must work together to ensure the scheme is delivered to its statutory requirements, as well as ensuring stakeholders receive good value for public money. Pension Scheme Administration Standards (PDF, 109KB) - opens in new window ('The Standards') exist to explain the obligations employers have to support this, as well as explaining the service members should expect to receive from JSS.
The Standards are approved by the RCPS Management Board. The obligations within The Standards state what Employers must do and when.
The RCPS Annual Accounts - external link are produced each year and made available on the BBSRC website.
© JSS 2018
Last updated: 6 Aug 2018