Employers
Here you will find information about the Employers participating in Shetland Islands Council Pension Fund.
Employers with active members at 1 August 2021
Scheduled Bodies:
- Shetland Islands Council
- Orkney & Shetland Valuation Joint Board
Admitted Bodies:
- Lerwick Port Authority
- Shetland Recreational Trust
- Shetland Amenity Trust
- Shetland Seafood Quality Control
- Shetland Charitable Trust
- Shetland Arts Development Agency
- Shetland Care Attendant Scheme (previously Crossroads)
- Shetland UHI
On 31 December 2020, Shetland Islands Tourism (Visit Scotland) transferred out of the Pension Fund to Lothian Pension Fund. This resulted in a reduction of 1 active member, 5 deferred members and 4 pensioners.
On 1 August 2021, Shetland Fisheries Training Centre Trust, Shetland College and Train Shetland merged to become Shetland UHI.
On 31 October 2022, Shetland Enterprise Co Ltd (Highlands and Islands Enterprise) transferred out of the Pension Fund to Highland Pension Fund. This resulted in a reduction of 8 deferred members and 1 pensioner.
Employers pay regular monthly contributions to the Pension Fund, based on the salaries of active members. Where an employer has no active employees, but continues to participate in the Scheme, an annual monetary amount calculated by the actuary covers the cost of ongoing andfuture pension payments.