The Teesside Pension Fund is a local authority Occupational Pension Scheme. The Scheme rules are defined by the Local Government Pension Scheme Regulations (as amended).
Although Middlesbrough Council is the administering authority of the Teesside Pension Fund, the funding is in the hands of the Pensions and Investments Panel. This panel has plenary powers to make decisions without reference to Middlesbrough Council and acts in a similar manner to the Board of Trustees of a private sector pension fund.
The Panel consists of representatives from the district councils in the former Cleveland County area as well as representatives from the Trades Unions and can be found by following this link