SCHEDULE 1Scottish Parliamentary Pension Scheme
Part SAccounts, audit and actuarial reports
Actuarial reports
103
1
The “scheme actuary” is the person appointed by the Fund trustees in accordance with section 47(1)(b) of the Pensions Act 1995 (c. 26).
2
The Fund trustees may obtain an actuarial report on the scheme at any time they think fit (and must do so at intervals of no more than 3 years).
3
An actuarial report is to include—
a
a report on the general financial position of the Pension Fund,
b
an actuarial valuation of the Pension Fund's assets and liabilities, and
c
the scheme actuary's recommended rate for future contributions under rule 32 (expressed as a percentage of participating member salary payments).
4
The Fund trustees must lay a copy of each actuarial report before the Scottish Parliament within 3 months of obtaining it.