Pensions Committee April 2025 Training Evaluation

The purpose of this survey is to evaluate the Actuarial Assumption Setting and Investment Strategy training that was presented to members prior to the April 2025 Pension Fund Committee meeting. The results of the survey will help identify training requirements and topics to be covered in future training sessions. Please answer all questions by selecting one of the answers provided.

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What are the two different types of assumptions?

* required

Demographic and Discount Rate

Financial and Life Expectancy

Financial and Demographic

Funding Level and Demographic

What is a discount rate?

* required

Average annual rate of future inflationary salary awards

Average annual rate of future investment return

Average annual rate of future benefit increases

The Fund is required to set a level of prudence, e.g. the level of future return that can be achieved with confidence. What was the level of prudence at the last Valuation and what is proposed at the 2025 Valuation?

* required

Last Valuation 80% / 2025 Valuation 70%

Last Valuation 96% / 2025 Valuation 80%

Last Valuation 70% / 2025 Valuation 80%