RHM Pension Plan 35 and Plan 45 - RHM Pension Scheme - UK.com

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6
How the Plans work
Security of separate
trust fund
The Plans are set up under trust law
and their finances are quite separate
from those of the Principal
Company (RHM Limited). All the
contributions from the members and
the company are paid into a trust
fund. The fund is kept quite separate
from the assets of the Principal
Company to provide security for the
benefits of members of the Plans and
their dependants.
Members’ contributions are
deducted from earnings by their Pay
Office and passed, together with the
company’s contributions, to the
Trustees. The total contributions are
used to buy a wide range of
investments which produce the
income and capital growth out of
which the benefits are paid. All the
benefits defined in the Rules of the
Plans are financed in this way.
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Trustees and
administration
RHM Pension Trust Limited is the
corporate trustee of The RHM
Pension Scheme and holds all the
investments of the Scheme on behalf
of the members. The directors of this
company act as Trustees of the
Scheme and they are responsible for
seeing that the interests of members
of Plan 35 and Plan 45 are protected.
There are nine Trustees, four of
whom are appointed by RHM
Limited and four of whom are
appointed from amongst the
membership of the Plans. The ninth
Trustee is the external independent
Chairman of the Trustee Board, who
is appointed by the Trustee Board.
Administration of Plan 35 and
Plan 45 is delegated by the Trustees
to RHM Pension Services Limited.
The Pensions Manager is recognised
by the pension authorities as the
Administrator of the two Plans.
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Trust Deed and Rules
The Trustees must administer the
Plans in accordance with a set of
legal documents called the Trust
Deed & Rules. These documents
must satisfy certain legislative
requirements and meet Inland
Revenue conditions. You may see a
copy of them by arrangement with
your Pensions Liaison Officer or
your local Personnel or Pay Office.
By mutual agreement, the
Trustees and the Principal Company
have the power to amend the Trust
Deed & Rules. However, no
amendment can be made which
would adversely affect the benefits
which members had earned up to
the date of the amendment.