Complete the worksheet to understand your own scheme in relation to the learning from this module

Find out about the ways that legislation affects who sets the contribution rate

Find out about two methods for calculating the technical provisions

Find out what should be included in a recovery plan, and how you should compile it

Find out about setting contribution rates for future service

Find out about the kinds of negotiations you may have with your employer in the event of the scheme being in deficit

Find out about the statement of funding principles (SFP), and various actuarial factors used in the statutory funding objective

In this scenario you and your fellow trustees will prepare to consult with Edmund over contribution rates

In this scenario you meet with Edmund to consult with him on the valuation methods for the technical provisions and for future service contribution rates. Edmund also wants to review the recovery plan

In this scenario the trustees need to draft a new schedule of contributions and consider Edmund’s suggested amendment to the recovery plan