The Trustees have secured the participating employers' agreement to funding the total deficit of £603m. The Actuarial Valuation Committee has played the leading role in reviewing the Actuary's valuation and carrying out the negotiations on the technical provisions and recovery plan for each of the Fund's sections with the Principal Employer, acting on behalf of all the participating employers.
As part of the valuation process, various documents are produced to evidence the assumptions used and also the agreements reached in relation to payment of contributions; the documents for the Public Sector section of the Fund can be downloaded from this website, these are:
Public sector statement of funding principles - March 2019
Public sector recovery plan - March 2019
Public sector schedule of contributions - March 2019
Public sector actuarial valuation report as at 31 March 2018
Copies of the documentation in respect of the other sections of the Fund are available on request from the Pension Fund office.