1. Local Government Pension Scheme 10 October 2013 2013 Valuation David Anthony – Head of Pensions Andrew Cunningham – Employer Relationship Manager Catherine McFadyen – Fund Actuary (Hymans Robertson)

2. Local Government Pension Scheme Agenda 1.Introduction 2.Presentation of the 2013 Valuation 3.Employer Contribution Rates 4.The process from here 5.Contacting us 5.Questions

3. Local Government Pension Scheme 2. Presentation of the 2010 Valuation & 3. Employer Contribution Rates Our actuary presented separate slides at the time. We can provide employers with this information if you email us.

4. Local Government Pension Scheme 4. The process from here a). Stabilisation Policy Implemented in 2010 for tax-raising bodies only, renewed in 2013. Policy stated: i). Employer contribution rates can be frozen from April 2011 to March 2014 ii). Employer contribution rates to change from April 2014, at max of +1/-1% per year in line with the results of the triennial valuation.

5. Local Government Pension Scheme 4. The process from here b). Contribution Rate Relief Policy Implemented in 2013, for non-tax raising bodies. Employers are split into categories: *Note: certain restrictions apply CategoryType of Contribution Rate Relief * 1Increase contribution rates up to 1/3 of the way to the theoretical rate 2Increase contribution rates somewhere between a 1/3 to 2/3 of the way to the theoretical rates 3Increase contribution rates somewhere between a 2/3 to all of the way to the theoretical rate 4Employer pays the theoretical rate

6. Local Government Pension Scheme 5. Contacting Us David Anthony, Head of Pensions E: david.anthony@wiltshire.gov.ukdavid.anthony@wiltshire.gov.uk T: 01225 713620 Andy Cunningham, Employer Relationship & Development Manager E: andrew.cunningham@wiltshire.gov.ukandrew.cunningham@wiltshire.gov.uk T: 01225 713612

7. Local Government Pension Scheme Any Questions?