Association of Member Nominated Trustees [SEP] inception
Association of Member Nominated Trustees
The Association of Member Nominated Trustees is an organisation established in September 2010 composed of pension trustees selected by employees or members of private and public sector pension funds in the United Kingdom. It is a non-profit group which seeks to organise employee representatives through sharing information, expertise and coordinating policies for pensions and corporations in which money is invested.
Background.
Member nominated trustees of pension plans have been a part of UK pensions since the emergence of occupational pension plans in the middle of the
of retirement policy and legal issues and a general knowledge and understanding of banking, finance and investment practices."
Three trustees are Retirement System members, one proposed and elected by the Maine Education Association; one by Maine State Employees Association; and one a Participating Local District member proposed by the governing body of the Maine Municipal Association. The Governor appoints four trustees. Of these, the Governor must select one nominated by the Maine Retired Teachers Association and one must be a MainePERS retiree nominated by State and/or Participating Local District retirees