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Update To Funding Strategy Statement (FSS)

Cheshire West and Chester Council as administering authority for the Cheshire Pension Fund has published a revised FSS. This followed a four week consultation period with employers which closed 14 May.

The revisions to the FSS set out the administering authority’s policies in regard to new powers to:
• review employer contributions outside of the normal triennial valuation cycle in specified circumstances
• spread exit payments for exiting employers
• set up Deferred Debt Agreements for exiting employers

And also a clarification in Appendix H – Exit Credit Policy paragraph 4 page 52