Bulletin 5: 2019 valuation results

Actuarial valuation as at 31 March 2019 Valuation report

Background to the actuarial valuation

We have been commissioned by Leicestershire County Council (“the Administering Authority”) to carry out an actuarial valuation of the Leicestershire County Council Pension Fund (“the Fund”) as at 31 March 2019 as required under Regulation 62 of the Local Government Pension Scheme Regulations 2013 (“the Regulations”).

The actuarial valuation is a risk management exercise with the purpose of reviewing the current funding plans and setting contribution rates for the Fund’s participating employers for the period from 1 April 2020 to 31 March 2023. This report summarises the outcomes of the valuation and the underlying advice provided to the Administering Authority throughout the valuation process.