Actuarial review

Actuarial valuations are made at three yearly intervals in accordance with the Local Government Pension Scheme Regulations (1997). The most recent valuation was as at 31 March 2007. Our appointed actuaries are currently Hymans Roberson.

Presentations regarding the 2007 Valuation results were made to scheme employers by the Fund Administrator and the Actuary and are also available below.

The main purposes of actuarial valuations are (a) to assess whether the funds in hand are sufficient to meet the funding target and (b) to assess the contributions required to provide for the benefits, taking account of the assets held. The contributions are designed to enable the funding target to be reached over the remaining working lifetime of pensionable employees.

The next actuarial valuation is due at 31 March 2010 and the changes in contribution rates as a result of that valuation take effect from 1 April 2011.

Please click on the link for information about previous valuations|.