The recent actuarial valuation was based on fund membership as at 31 March 2016 with new employer contribution rates coming into effect on 1 April 2017.
When the actuarial valuation has been completed, the actuary prepares a valuation report. The latest valuation report is attached to this page.
The report analyses scheme membership by type, assesses the fund’s financial position (i.e. are the fund’s 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 the fund’s employing bodies.
These rates are set at a level sufficient to secure the ongoing viability of the fund. Scheme members are reminded that their own contribution rates are fixed by statute and that it is the employing bodies that must make good any shortfall in fund assets relative to liabilities.
An employer forum event took place at County Hall, Matlock on 9 January 2017. The event included presentations on:
- fund valuation outcomes
- LGPS investment pooling
- Pensions Board
- employer/fund partnerships.
- lifetime and annual allowances.
Presentations from the event are attached to this page.