what does a pension scheme trustee do
Trustee Information. Under the Pensions Act, trustees have the main responsibility for the administration of funded occupational pension schemes and compliance with the requirements that apply to these schemes.Under the Act, the Pensions Authority has a responsibility to: Salary will increase at 3% per year. 2  Pension will increase at 2% per year in retirement. 3  The State Pension will increase in line with salary increases. 4  Spouse's annuity assumes a 3 year age gap between the Main Life and Spouse.