Funding Strategy Statement

In line with the Regulations, the Fund has a Funding Strategy Statement (FSS) in place which is reviewed by the administering authority and fund actuary at each triennial valuation. The FSS sets out the underlying assumptions and principles that are to be adopted when valuing the Fund’s liabilities and setting contribution rates. 

The deadline for employers to respond to the consultation on the FSS was 30 November 2016. A copy of the draft policy can be found here.