Review of Funding Strategy Statement

March 20, 2026 Pension Fund Committee (Committee) Approved View on council website

This summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.

Summary

The Pension Fund Committee of Lancashire Council approved the revised Funding Strategy Statement on 20 March 2026. The committee agreed to a funding buffer of 115%, a recovery period of 20 years, and specific discount rates for past and future service.

Full council record

Purpose

As part of the valuation of the pension fund as at 31 March 2025, there has been a review of the funding strategy. Pension Fund Committee are asked to approve the revised Funding Strategy Statement.

Related Meeting

Pension Fund Committee - Friday, 20 March 2026 - 10.30 am on March 20, 2026

Supporting Documents

Appendix B Summary of changes.pdf
Appendix A Final draft FSS.pdf
Appendix C Rationale for decision other than recommendation.pdf
Review of Funding Strategy Statement.pdf

Details

OutcomeRecommendations Approved
Decision date20 Mar 2026