1.1The Government Actuary has been appointed by the Department for Levelling Up, Housing and Communities (DLUHC) to report under section 13 of the Public Service Pensions Act 2013 in connection with the actuarial valuations of the funds in the Local Government Pension Scheme in England and Wales … See more 1.5We made five recommendations as part of the 2016 section 13 report. In summary we recommended that: 1. Standard information should be provided in a uniform … See more 1.10Our review indicated that fund valuations were compliant with relevant regulations. However greater clarity on the assumptions used to … See more 1.8In aggregate the funding position of the LGPS has improved since 31 March 2016; and the scheme appears to be in a strong financial position, specifically: 1. Total assets have grown in … See more 1.11We interpret “not inconsistent” to mean that methodologies and assumptions used, in conjunction with adequate disclosure in the report, should facilitate comparison … See more WebReport for: Pension Board Date of Meeting: 3 March 2024 Subject: Government Actuary’s Department (GAD) Section 13 Report on the LGPS 2024 Triennial Valuation …
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WebThis edition of the GAD Report will have a look at housing and the rap-id construction in the Eau Claire area along with a preview or 2024 with NAR’s Lawrence Yun. As always, … Web1.1. Section 13 of the Public Service Pension Schemes Act 2013 requires a “suitably qualified person” appointed by the Secretary of State to carry out a review of the triennial actuarial valuations of funded public service pension schemes. This requires the Government Actuary to report on whether a bnsf railway investor relations
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Webformal GAD section 13 report is appended to this report (Annex 1). 4. Under subsection (4) of section 13, GAD must report whether LGPS administering ... However, with the upcoming 2024 valuation in mind, the actuary has noted the drivers underlying the Amber Flag. With regards to the solvency measure, RBK had a low Asset Shock (defined as http://democracy.lbhf.gov.uk/documents/s117292/GAD%20summary%20page.pdf WebGAD Section 13 Report 17. An initial draft of the Government Actuary’s Department (GAD) “section 13” report – which sets out the 2024 triennial valuation results for all LGPS funds on a comparable basis (i.e. using consistent actuarial assumptions) has been shared with the various actuarial firms, but as clicky linear tactile