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Actuarial Valuation 2023 (13th September 2023)

All Local Government Pension Scheme (LGPS) funds in Scotland are required to complete actuarial valuations as at 31st March 2023.

The valuation is a health check on the each of the funds. It also sets the level of contributions which employers need to pay into their fund for the next 3 years.

The valuation has no effect on scheme members, their benefits or their contributions, which are fixed by the regulations, not by the fund.

SPF has received initial results of its valuation from its actuary, Hymans Robertson. These are:

Valuation Date31 March 202031 March 2023

 

Total Liabilities 

Total Assets

(£m)

19,744

20,941

(£m)

18,970

27,872

Surplus

Funding Level

1,197

106%

8,902

147%

 

Further details are available here: Supplementary September Pensions in Partnership (PDF, 623 KB)

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