Funding and valuation

Overview

The LGPS funding and valuation process is vital. It ensures the Fund’s long-term solvency and sustainability so that the Fund has the money needed to pay benefits to members as they fall due. The Fund aims to:

• secure members’ benefits
• keep employer contributions stable and affordable
• manage funding risks.

The sections that follow explain the Fund’s approach to:

• managing funding risk
• the valuation process and
• the policies and strategies related to this.