The Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) was established by the Government in April 1950 to operate a pension scheme for the local councils and other similar bodies in Northern Ireland. The pension scheme is a defined benefit pension scheme. NILGOSC is the corporate body responsible for the administration of the Scheme and is a non-departmental public body, sponsored by the Department for Communities. It currently provides services to over 139,000 members for over 170 employers. In addition it manages Northern Ireland's largest investment fund valued in excess of £8bn.