diversified investment strategy and a long-term investment horizon. Management will continue to monitor developments closely and will revise its estimates and disclosures as necessary in future reporting periods.
Employees contributions are calculated on a sliding scale based on a percentage of their pensionable pay. The council's scheduled and admitted bodies are required to make contributions determined by the Fund's actuary to maintain the solvency of the Fund. The table below shows a breakdown of the total amount of employers' and employees' contributions:
| By Category | 31 March 2025
£000's | 31 March 2026
£000's |
|---|
| Employees' normal contributions | (15,118) | (16,156) |
|---|
| Employer's contributions: | | |
|---|
| Normal contributions | (41,394) | (44,166) |
|---|
| Deficit recovery contributions | (6,992) | (7,292) |
|---|
| Augmentation contributions | (1,335) | (1,294) |
|---|
| Total employers' contributions | (49,721) | (52,752) |
|---|
| Total contributions receivable | (64,839) | (68,908) |
|---|
| By type of Employer | 31 March 2025
£000's | 31 March 2026
£000's |
|---|
| Administering Authority | (50,782) | (54,392) |
|---|
| Scheduled bodies | (13,634) | (14,121) |
|---|
| Admitted bodies | (423) | (395) |
|---|
| Total | (64,839) | (68,908) |
|---|
Individual transfers (10,568) (14,573)
Total (10,568) (14,573)
31 March 2025 £000's 31 March 2026 £000's
The table below shows a breakdown of the total amount of benefits payable by category and by employer:
| By Category | 31 March 2025 £000s | 31 March 2026 £000s |
|---|
| Pensions | 54,598 | 57,898 |
|---|
| Commutation and lump sum retirement benefits | 11,544 | 10,944 |
|---|
| Lump sum death benefits | 1,444 | 1,909 |
|---|
| Total | 67,586 | 70,751 |
|---|