Agenda item

The Surrey Pension Fund was managed and administered by Surrey County Council on behalf of all Districts, the County and a number of other organisations. Due, in the main, to investments performing well and the additional payments made in the past, the deficit had reduced significantly over the last few years. Given the current performance of the stock market, the Fund was likely to be fully funded at the current time.

The Fund was due to have its triennial actuarial review at 31March 2019.  Given the current performance of the Fund and the long term view taken by the actuaries, it was unlikely that contributions would increase as a result of the next review. However this would depend on the performance of global equities in that period.

Resolved to note the contents of the report.