2025 Valuation Process and Timetable

December 6, 2024 Pension Fund Committee (Committee) Approved View on council website

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Summary

...to approve the timetable for the 2025 triennial valuation process of the Lancashire County Pension Fund, which will determine future employer contribution rates.

Full council record
Purpose

The planning phase of the triennial valuation
of the Lancashire County Pension Fund ('Fund'), which ultimately
determines future levels of employer contributions, is currently in
progress.

The valuation, once complete, will be based on the position of the
Fund as at 31st March 2025. This report sets out the timetable to
achieve the valuation process and setting of new employer
contribution rates.

Supporting Documents

2025 Valuation Process and Timetable.pdf
Appendix A 2025 Valuation Timeline.pdf

Details

OutcomeRecommendations Approved
Decision date6 Dec 2024