Independent report

Actuarial valuation review of the Local Government Pension Scheme Northern Ireland

GAD concludes that the 2016 actuarial valuation of the Local Government Pension Scheme Northern Ireland and the resulting employer contribution rates achieve the aims of compliance, consistency, solvency and long term cost efficiency.

• From: Government Actuary's Department
• Published: 25 April 2019

Documents

Local Government Pension Scheme Northern Ireland: Review of the actuarial valuation of fund as at 31 March 2016

PDF, 923 KB, 31 pages

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Details

The Government Actuary’s Department (GAD) undertook the first review of the Local Government Pension Scheme Northern Ireland following Section 13 of the Public Service Pensions Act (Northern Ireland) 2014 coming into force. The legislation requires the Department for Communities Northern Ireland to commission a report on the health of the scheme following each valuation.

GAD assessed the fund in terms of its compliance, consistency, solvency and long term cost efficiency. We concluded that the 2016 actuarial valuation of the Local Government Pension Scheme Northern Ireland and the resulting employer contribution rates achieve the aims set out in Section 13 of the Pensions Act.

Published 25 April 2019