Issue - meetings

To receive and note the update, and confidential appendix, from the Fund’s actuaries on the progress with the triennial valuation.

The committee received the update from the Fund’s Actuaries at Hymans Robertson on the progress with the triennial valuation; which included a summary of proposed assumptions, the valuation process, why and how set assumptions are set, the financial, longevity and demographic assumptions, reporting the funding level, and decisions and next steps. Questions were raised in relation to employer data collection, morbidity statistic modelling, and the protective pension age.

RESOLVED:

THAT the report and presentation from Hymans Robertson be noted.