Funding strategy

The Funding strategy statement is the key document setting our approach to the valuation, setting contribution rates and other funding matters. The strategy:

• outlines how the Fund will meet its pension liabilities over time
• makes sure there are enough funds to pay pensions when they’re due
• gives a clear framework for decisions
• helps keep the Pension Fund sustainable long-term
• required by the LGPS regulations and is an important part of the Fund’s governance framework.

The FSS is reviewed every three years at each valuation or sooner if required. You can find the latest reports on the funds and investment policies section of each Fund’s key documents page.