Actuarial valuationN.I.
This section has no associated Explanatory Memorandum
7.—(1) The scheme actuary must carry out an actuarial valuation of this scheme and connected schemes as at the effective date.
(2) The scheme actuary must provide a valuation report to the scheme manager not later than such date as may be agreed by the Department.
(3) The effective date is—
(a)in respect of the first valuation under paragraph (1), 31st March 2016;
(b)in respect of subsequent valuations, such dates as enable the scheme to comply with Department of Finance and Personnel directions at to valuations.