Funding Strategy Statement
The Fund has a Funding Strategy Statement (FSS) which :
The statement sets out how the Administering Authority balances the potentially conflicting aims of affordability of contributions, transparency of process, stability of employers' contributions, and prudence in the funding basis.
- establishes a clear and transparent fund-specific strategy which will identify how employers' pension liabilities are best met going forward
- supports the regulatory framework to maintain as nearly constant employer contribution rates as possible
- takes a prudent longer-term view of funding those liabilities.
The statement sets out how the Administering Authority balances the potentially conflicting aims of affordability of contributions, transparency of process, stability of employers' contributions, and prudence in the funding basis.
