Funding Strategy Statement - 2024

The Local Government Pension Scheme (LGPS) regulations require funds to maintain and publish a funding strategy statement (FSS). The purpose of the FSS is to document the processes the Administering Authority uses to:

• establish a clear and transparent fund-specific strategy identifying how employers’ pension liabilities are best met going forward
• support the regulatory framework to maintain as nearly constant employer contribution rates as possible
• ensure the fund meets its solvency and long-term cost efficiency objectives  
• take a prudent longer-term view of funding those liabilities.