2019 Valuation process and timetable
Decision Maker: Pension Fund Committee
Decision status: Recommendations Approved
Is Key decision?: No
Purpose:
The 2019 valuation of the Pension Fund, which
determines future levels of employer contribution, is currently in
progress and this report sets out the timetable to achieve the
setting of new employer contribution rates which will take effect
from 01 April 2020.
Decisions:
The Head of Fund presented a report on the current triennial valuation timetable to achieve the setting of new employer contribution rates to take effect from the 1st April, 2020. It was noted that following the consultations the actuary's would provide an update to the Committee in November 2019 with a final report in March 2020, together with the updated Funding Strategy Statement and the new Investment Strategy Statement.
Resolved: That the timetable for the 2019 actuarial valuation, as set out in the report presented, is noted.
Divisions Affected: (All Divisions);
Contact: Colin Smith Email: Colin.Smith@lancashire.gov.uk.
Report author: Colin Smith
Date of decision: 21/06/2019
Decided at meeting: 21/06/2019 - Pension Fund Committee
Accompanying Documents:
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