Issue - meetings
2016 Actuarial Valuation Progress
Meeting: 24/05/2016 - Clwyd Pension Fund Committee (Item 14)
14 2016 Actuarial Valuation Progress 
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To update Committee Members on the progress of
the actuarial valuation project, including key milestones,
communications with employers and other events.
Additional documents:
Decision:
That the progress being made with the actuarial valuation project and the planned meetings with employers be noted.
Minutes:
Nikki Gemmell, representing the Fund Actuary - Mercer, presented a report to provide an update on the actuarial valuation project as at May 2016. She reported on progress, as detailed in the report, and explained that a special meeting of the Clwyd Pension Fund Committee would be held on 5 July 2016 to discuss the draft Funding Strategy Statement and the initial assumptions to adopt for the 2016 valuation. As part of the consultation on the Funding Strategy Statement, Ms. Gemmell reported that the Fund would continue dialogue with all employers over the coming months. A copy of the 2016 Actuarial Valuation timeline and Project Plan was appended to the report.
RESOLVED:
That the progress being made with the actuarial valuation project and the planned meetings with employers be noted.