SCHEDULES

SCHEDULE 1Pension Board

Voting and quorum5

1

Only the following members of the Board are entitled to vote at meetings of the Board—

a

members who are representatives of employers;

b

members who are representatives of scheme members;

c

the chair in the event of an equality of votes by those mentioned in sub-paragraphs (a) and (b).

2

The quorum of the Board—

a

is the lowest whole number of members which is equal to or exceeds two thirds of the total number of members of the Board entitled to vote;

b

must include the chair.