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The Local Government Pension Scheme Regulations (Northern Ireland) 2014

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Funding strategy statement

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64.—(1) The Committee shall, after consultation with such persons as it considers appropriate, prepare, maintain and publish a written statement setting out its funding strategy.

(2) The statement shall be published no later than 31st March 2015.

(3) The Committee shall keep the statement under review and, after consultation with such persons as it considers appropriate, make such revisions as are appropriate following a material change in its policy set out in the statement and, if revisions are made publish the statement as revised.

(4) In preparing, maintaining and reviewing the statement, the Committee shall have regard to—

(a)the guidance set out in the document published in October 2012 by CIPFA, the Chartered Institute of Public Finance and Accountancy and called “Preparing and Maintaining a Funding Strategy Statement in the Local Government Pension Scheme 2012”(1); and

(b)the statement of investment principles published by the Committee under regulation 10 (statement of investment principles) of the 2000 Regulations.

(1)

ISBN No. 978 1845083359; copies may be obtained from CIPFA at www.cipfa.org or 3 Robert Street, London WC2N 6RL.

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