London Borough of Tower Hamlets Pension Fund

London Borough of Tower Hamlets Pension Fund is a public pension fund based in London, United Kingdom. The plan provides retirement and death benefits to its members and their eligible beneficiaries. The retirement benefit paid to a retiree is calculated using a formula that often employs years of credited service under the plan and salary information. The retirement benefit is payable to the employee upon attainment of their normal retirement age for the remainder of his/her lifetime. The plan is managed and administered by the pensions committee which consists of eight members. The pension fund is part of the Local Government Pension Scheme (LGPS) and is governed by Statute. The London Borough of Tower Hamlets is the administering authority for the Tower Hamlets Pension Fund. The pensions committee is the body with delegated powers to administer the fund.