I'm reading the most up to date Actuarial Funding Certificate for my DB Scheme.
It sets out the Funding is sufficient to to discharge liabilities as follows:
(a) 100% of benefits as set in section 44(a)(i) of the Act
(b) 77% (ii)
(c) 44% (iii)
At a guess I think (i) is for members who have already retired and are in receipt of pension, but what are the other 2? I am a deferred member of the scheme.
It sets out the Funding is sufficient to to discharge liabilities as follows:
(a) 100% of benefits as set in section 44(a)(i) of the Act
(b) 77% (ii)
(c) 44% (iii)
At a guess I think (i) is for members who have already retired and are in receipt of pension, but what are the other 2? I am a deferred member of the scheme.