Changes to actuarial factors

Changes to actuarial factors

In his latest budget, the Chancellor confirmed a reduction of the SCAPE discount rate from 2.8% above the Consumer Prices Index (CPI) to 2.4% above CPI. The SCAPE discount rate is used to determine the actuarial factors used across all of the public service pension...
Changes to strain cost estimates

Changes to strain cost estimates

  Earlier in the year there were changes in the way strain costs are calculated when running redundancy estimates and the actual final calculation depending on when the calculations were run within the year.   If you have had an estimate calculated for you by LGSS...