Former employees of Strathclyde Buses are members of the No. 3 Fund rather than our main Fund.
Separate accounts and actuarial valuations are prepared for the No. 3 Fund and included in the Fund's Annual Report.
The No. 3 Fund also has its own investment arrangements.
Information about the main Fund is still relevant because the No. 3 Fund is a subsidiary of the main Fund.
Being a member of the No. 3 Fund rather than the main Fund makes no real practical difference.