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2022 valuation report - available now!

Publication date: 31/03/2023 14:08:24

Our actuary reviews and amends employer contribution rates every three years. When the actuarial valuation has been completed, the actuary prepares a valuation report. This is available to view now.  

The report analyses scheme membership by type, assesses our financial position (i.e. are our assets sufficient to meet its projected liabilities), sets out the assumptions for future inflation and investment returns and then provides a schedule of the contribution rates for each of our employing bodies. These rates are set at a level sufficient to secure the ongoing viability of the fund. The contribution rate payable by employees are fixed by the scheme regulations.  

The last valuation was based on membership as at 31 March 2022 with new employer contribution rates coming into effect on 1 April 2023.

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