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 Professor Dame Ottoline Leyser, 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 a Terms of Reference (PDF, 216KB) - opens in new window - in place that sets out their role and responsibilities.
The current RCPS Board members are:
- Sue Donaldson - Chair of the Management Board (UKRI)
- Anne Shaw - UKRI
- Tanya Robinson - UKRI
- Angela Stead - UKRI
- Andrea Ward - Diamond Light Source
- Crispin Dawe - UK Shared Business Services Ltd (UKSBS)
- John Arnott - UK Shared Business Services Ltd (UKSBS)
- Colin McInnes - Moredun Research Institute
- Tony Bell - Prospect Union
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.
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