Accounts and actuarial reportsU3

1

The Secretary of State must keep accounts for the scheme in a form approved by the Treasury.

2

The accounts are to be open to examination by the Comptroller and Auditor General.

3

In respect of a member, an employing authority must keep a record of all—

a

contributions paid under regulations D1, Q6 and Q8;

b

contributions due under regulations D1, Q6 and Q8 but unpaid;

c

contributions paid under regulation D2(1);

d

contributions due under regulation D2(1) but unpaid;

e

hours, half-days or sessions constituting part-time pensionable employment for the purposes of regulation R5;

f

pensionable pay;

g

absences from work referred to in regulations P1 and P2;

h

commencement and termination of pensionable employment;

i

reason for termination of pensionable employment.

4

That record is to be in a manner approved by the Secretary of State.

5

Except where the Secretary of State waives such requirement, an employing authority must provide the Secretary of State with a composite statement in respect of all scheme members covering all the matters referred to in paragraph (3) within 2 months of the end of a scheme year: this is subject to Schedule 2.

6

Where an employing authority has provided the information in accordance with paragraph (5) and subsequently there is a change to any of that information, that employing authority must, within 1 month of the change, provide the Secretary of State with the revised information.

7

In respect of each scheme year an employing authority must, within 2 months of a request and in a manner prescribed by the Secretary of State, provide the Secretary of State with details of the total contributions paid for all scheme members under regulations D1, D2, Q6 and Q8.

8

Where an employing authority has provided the details requested in accordance with paragraph (7) and subsequently there is a change in those details, that employing authority must, within 1 month of the change, provide the Secretary of State with the revised details.

9

An employing authority must, 1 month before the beginning of each scheme year, and in a manner prescribed the Secretary of State, provide the Secretary of State with a statement of estimated total contributions due under regulations D1, D2, Q6 and Q8 for that scheme year.