Issue - meetings
Actuarial Valuation Training, Valuation update and Draft Funding Strategy Statement Review
Meeting: 19/03/2020 - Pensions Committee (Item 6.2)
Actuarial Valuation Results
Meeting: 25/11/2019 - Pension Board (Item 7)
Actuarial Valuation Update
The Board will receive a verbal update on the Actuarial Valuation.
Additional documents:
Minutes:
Ms Miriam Adams, Interim Pensions and Investment Manager provided the Board with a verbal update with regard to the Actuarial Valuation. Ms Adams said the deadline had not been achieved because there had been a change in the methodology used to calculate the actuarial valuation.
Ms Adams said there were a large number of queries which needed to be solved. The dataset did not match with payroll and as such there were early warning signs that a whole system analysis was required to attain the full results.
The Chair, Mr John Jones thanked Ms Adams for her update.