§ Mrs. MayTo ask the Secretary of State for the Environment, Transport and the Regions what plans he has to change the solvency and funding requirements for local authority pension funds. [9648]
§ Mr. RaynsfordThe Local Government Pension Scheme Regulations 1995, which control this statutory pension scheme in England and Wales, already require actuaries, as part of each triennial valuation, to set an employer contribution rate to ensure fund solvency, having regard to existing and prospective liabilities and the desirability to maintain as constant a rate as possible. There are no plans to change the current provisions.