PART 2Administration
Actuarial valuations
F1Revision of rates and adjustments certificate: Scheme employer contributions64A
1
An administering authority may obtain a revision of the rates and adjustments certificate under regulation 62 (actuarial valuations of pension funds) showing any resulting changes to the contributions of a Scheme employer or employers where—
a
the funding strategy mentioned in regulation 58 (funding strategy statements) sets out the administering authority’s policy on amending contributions between valuations; and
b
one of the following conditions applies—
i
it appears likely to the administering authoritythat the amount of the liabilities arising or likely to arise has changed significantly since the last valuation;
ii
it appears likely to the administering authority that there has been a significant change in the ability of the Scheme employer or employers to meet the obligations of employers in the Scheme; or
iii
a Scheme employer or employers have requested a review of Scheme employer contributions and have undertaken to meet the costs of that review.
2
In revising the certificate, an administering authority must—
a
consult the Scheme employer or employers; and
b
have regard to the views of an actuary appointed by the administering authority.