Actuarial Valuation Report

Details

This Avon Pension Fund Actuarial Valuation Report is prepared in accordance with Regulation 62 of the Local Government Pension Scheme Regulations 2013, sets out the key considerations and outcomes of the Fund’s 31 March 2025 actuarial valuation. It explains how the Administering Authority assessed the Fund’s liabilities relative to its assets, determined the contribution rate required to meet the cost of future benefit accrual and ongoing expenses, and established an appropriate plan to move the Fund toward full solvency where a surplus or deficit exists.

This report uses various technical terms. These are explained in more detail in the explanatory boxes which appear throughout this report, and in the Glossary in Appendix I. This report should be read in conjunction with the Funding Strategy Statement (“FSS”) and the Investment Strategy Statement (“ISS”).