PART 1INTRODUCTORY AND GENERAL
CHAPTER 2SCHEME REPORTS AND ACCOUNTS
Actuarial reports and accounts3
1
The following paragraphs apply to the Health and Social Care Pension Scheme as set out in these Regulations and the 1995 Regulations.
2
The Department shall keep accounts of all income and expenditure of the Scheme in a form approved by the Department of Finance and Personnel.
3
The accounts shall be open to examination by the Comptroller and Auditor General.
4
The Scheme actuary must—
a
prepare an actuarial report of the scheme liabilities and benefits under these Regulations and the scheme liabilities and benefits under the provisions of the 1995 Regulations, at the 31st March 2012 and at the expiration of every period of 4 years after that date; and
b
send a copy of that actuarial report of the Scheme to the Department and the Department of Finance and Personnel.
F2This is subject to paragraph (5).
F15
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.