Amendment of regulation 3
This section has no associated Explanatory Memorandum
10.—(1) Regulation 3 (Actuarial reports and accounts) is amended as provided by paragraphs (2) and (3).
(2) At the end of paragraph (4), add (as full out words), “This is subject to paragraph (5).”.
(3) After paragraph (4), add—
“(5) The actuarial report referred to in paragraph (4) shall be based on actuarial assumptions determined by the Department following the consent of the Department of Finance and Personnel.
(6) Before determining the assumptions referred to in paragraph (5) the Department may consult—
(a)such representatives of employees and employing authorities as appear to the Department to be appropriate, and
(b)the Scheme Actuary.”.