Anglia Railways Section of the Railways Pension Scheme – 2013 Actuarial Valuation

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My Ref: MRP 1/8/30                                   14th November 2014
 
                                            Circular Num: NP/240/14
To: The Secretary All Branches & Regional Councils

Dear Colleagues,

    Anglia Railways Section of the Railways Pension Scheme – 2013 Actuarial Valuation

Following the 2013 triennial actuarial valuation of the Anglia Railways shared cost section of the Railways Pension Scheme (RPS), the full draft results reveal there is a surplus of £0.354 million with a funding level of 100.4%

In light of valuation results and following actuarial advice, management proposed to maintain the existing contribution rates for the Anglia Railways section of the RPS until 30th June 2020. The contribution rates are:

•    Member 13.19% / Employer 19.79%

The General Grades Committee in consideration of this proposal noted and adopted the following report on 4th November 2014:

“We note that the employer is proposing to maintain the present Joint Contribution Rate until 30th June 2020. We further note that our representatives are recommending acceptance of the proposal.

Therefore we instruct the General Secretary to inform the company of our acceptance of the proposals.

Branches and Regional Councils to be informed.”

I will keep you informed of any developments.

Yours sincerely,

 

Mick Cash
General Secretary