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The Actuarial Certificate of Deficit-Reduction Contributions

The deadline for submission of the Actuarial Certificate of Deficit-Reduction Contributions for the 2008/09 levy year is 07 April 2008.

The Board will again recognise deficit-reduction contributions paid into the scheme between valuations which have served to reduce the section 179 deficit.

Deficit-reduction contributions are defined as total contributions (with no adjustment being made for investment returns) less:

• The cost of accrual of scheme benefits, subject to the adjustments described in section 4.1 of the section 179 guidance (measured using section 179 valuation assumptions)
• Scheme expenses incurred between valuations
• The cost of augmentations granted since the previous valuation.
  

Certificate

This live form is now available for completion, certification and electronic submission.

Actuarial Certificate of Deficit Reduction Contributions

Guidance

This guidance note supports the completion of the Actuarial Certificate of Deficit-Reduction Contributions. This guidance replaces the notes and series of Frequently Asked Questions that accompanied the 2007/08 certificate.

Guidance completing the Actuarial Certificate of Deficit Reduction Contributions