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Our actuaries, Hymans Robertson, have issued their final report on the actuarial valuation of the Fund as at 31st March 2020.
The report confirms a funding level of 106% (up from 105% at the last valuation in 2017).
Most employers will see no change in their contribution rates, though some will increase from 1st April and a few will reduce.
The Fund's largest employers, including the 12 local authorities, will continue to pay 19.3%, a rate which has been held stable since 2011.