We've opened a consultation for employers on draft updates to our Funding Strategy Statement (FSS).
Why an update is required
Our FSS needs to be updated to reflect changes to The Local Government Pension Scheme (LGPS) Regulations, which allows administering authorities of LGPS pension funds to:
- review employer contributions outside of the normal triennial valuation cycle in specified circumstances
- spread exit payments for exiting employers
- set up Deferred Debt Agreements for exiting employers
Some other minor changes have also been included in the proposed update.
How to feedback
If you represent an employer of our fund, we welcome your views on the attached draft copy of the FSS, which highlights the proposed changes.
Your feedback is important, and will help us to ensure that our FSS continues to clearly set out how Fund employer’s pension liabilities are calculated and how they pay for their own liabilities.
We've created a Microsoft form for you to provide your feedback quickly and easily. Your response will be held securely. The consultation closes on 22 August 2021.
Complete your feedback now on the Fund's Microsoft consultation form.
Go to the 2021 funding strategy statement consultation
Derbyshire County Council’s Pensions and Investments Committee approved this consultation process on 21 July 2021 in its role as the administering authority of the Pension Fund. Information about this committee meeting can be found on the Derbyshire Democracy website.
You can also find guidance issued by the Ministry of Housing, Communities and Local Government, and the LGPS Scheme Advisory Board provide further information.
We are working to improve the accessibility of the documents we publish, however if you require a document in another format, you can contact us. Please see our accessibility statement for more information.
Links to useful documents