Amendment of the Local Government Pension Scheme (Scotland) Regulations 20189

In regulation 60—

a

in paragraph (1)(a) (actuarial valuations of pension funds), after “pension funds” insert “both on an ongoing and a cessation basis”,

b

after paragraph (6) insert—

6A

A rates and adjustments certificate must specify the amount of the liabilities arising in respect of an employer’s members as at the valuation date, assessed on both an ongoing and a cessation basis.