Sixty Second Summary
Scottish LGPS - 2017 valuation results
12 Jun 2018 - Estimated reading time: 1 minute
As at 31 March 2017, Scotland’s LGPS is well funded and the investment return required to keep this well-funded position has fallen since the 2014 valuation. However, funding challenges remain.
Past service – the need to protect the strong funding position
- Liabilities are growing relative to the size of employers’ payroll so contributions are becoming a less effective way of being able to repay any deficit that could arise in the future.
We need to protect the strong funding position with suitable investments.
New benefits – managing the cost of the scheme going forward
- Markets remain uncertain and all funds dropped their anticipated returns at the 2017 valuations to reflect this.
- A strong investment return is still needed to ensure future service costs are affordable for employers.
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