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Scheme funding

The level of scheme funding is calculated by comparing the value of the scheme’s assets with the value of its liabilities. Calculating the value of the liabilities (how much money needs to be paid out as benefits due to members and beneficiaries) is a very complex process, but the overall concept of scheme funding is simple: if there are sufficient assets (in whatever form e.g. equities or bonds) to cover the future liabilities of the scheme, then it is 100% funded on an ongoing basis.

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Scheme funding

What is an actuarial valuation? #_44 path, #_44 polygon { fill: currentColor; } #_44 { }

How often is there an actuarial valuation? #_45 path, #_45 polygon { fill: currentColor; } #_45 { }

What is meant by the SOCPF’s liabilities? #_46 path, #_46 polygon { fill: currentColor; } #_46 { }

How are the liabilities calculated? #_47 path, #_47 polygon { fill: currentColor; } #_47 { }

How are the assets calculated? #_48 path, #_48 polygon { fill: currentColor; } #_48 { }

What if the scheme assets are less than the liabilities? #_49 path, #_49 polygon { fill: currentColor; } #_49 { }

How will I know about how well the SOCPF is funded? #_50 path, #_50 polygon { fill: currentColor; } #_50 { }

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