皇冠体育app

皇冠体育app Public Service Pensions Act provides the legal framework for regular actuarial valuations of the public service pension schemes to measure the costs of the benefits being provided. 皇冠体育appse valuations will inform the future contribution rates to be paid into the schemes by employers. 皇冠体育app Act also provides for the establishment of an employer cost cap mechanism to ensure that the costs of the pension schemes remain sustainable in future. 皇冠体育app Directions, made under this Act, implement this policy.

皇冠体育app Treasury is publishing amending Directions to ensure that the 2016 valuations of the public service pension schemes can be completed using the latest assumptions. 皇冠体育app Treasury has a statutory duty to consult the Government Actuary before making the Directions. 皇冠体育app Treasury completed this statutory consultation during November 2018.