Funded occupational pension schemes
Funded schemes are those in which employees pay into a fund, rather than receive direct government pensions paid from annual taxation revenues.
Members in local government, the private sector, the community and voluntary sector and universities are likely to be paying into funded schemes.
Some of UNISON's health members are covered by direct government arrangements, as are the civil service in general.
Money paid into the funds is used to buy a range of assets. Funds and their investment choices are generally overseen by boards, which can include employee members.
