Decision Maker: Pension Fund Committee
Decision status: For Determination
Is Key decision?: No
The planning phase of the triennial valuation
of the Lancashire County Pension Fund ('Fund'), which ultimately
determines future levels of employer contributions, is currently in
progress.
The valuation, once complete, will be based on the position of the
Fund as at 31st March 2025. This report sets out the timetable to
achieve the valuation process and setting of new employer
contribution rates.
The Committee considered a report on the timetable for the planned valuation of the Lancashire County Pension Fund at 31 March 2025 and the setting of new employer contribution rates. The report included an update on the change to the employer covenant for colleges and how it might affect their treatment in the valuation.
Resolved: That the timetable for the 2025 valuation of the Lancashire County Pension Fund and associated training expectations for Committee members, as set out in the report presented, are noted.
Divisions Affected: (All Divisions);
Contact: Julie Price Email: Julie.Price5@lancashire.gov.uk.
Report author: Julie Price
Date of decision: 06/12/2024
Decided at meeting: 06/12/2024 - Pension Fund Committee
Accompanying Documents: