Thursday 18 December 2014
The Treasury and Resources Department is releasing the 2013 Actuarial Valuation of the States of Guernsey Superannuation Fund, prepared by BWCI Limited.
In respect of the main section of the Fund (the Combined Pool which had assets of £970million), the deficit at 31 December 2013 was £82.1million (92.2% funded) compared with a deficit of £77.3million (91.6% funded) at the time of the previous valuation (31 December 2010). These figures relate to benefits already accrued by members and are unaffected by the current proposals for pension reforms.
A States Report will be submitted in early 2015 to place this Actuarial Valuation before the States and will include recommendations for any revisions to the employer contribution rates.