Funding report of the Actuarial Valuation
Decision Maker: Lancashire Local Pension Board
Decision status: Recommendations Approved
Is Key decision?: No
Purpose:
This reports sets out the actuaries final
report on the 2016 actuarial valuation.
Decisions:
A report was presented regarding the Actuary's final funding report on the 2016 actuarial valuation on the Lancashire County Pension Fund.
In considering the report the Board recognised that the Fund was able to withstand an element of risk in order to meet the deficit as indicated by the minimum risk funding position. It was also suggested that the increase in the primary contribution rate related to one off costs in establishing LPP and that the Fund had performed well over the year.
Resolved: That the detail set out in the Actuary's final funding report on the 2016 actuarial valuation on the Lancashire County Pension Fund is noted.
Divisions Affected: None;
Contact: Abigail Leech Email: abigail.leech@lancashire.gov.uk.
Report author: Abigail Leech
Date of decision: 11/04/2017
Decided at meeting: 11/04/2017 - Lancashire Local Pension Board
Accompanying Documents:
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