Pensions Fund Annual Report 2011-12 , item 18. PDF 4 MB

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F u n d m e m b e r s h i p Fund membership earlyḊRAFT Scheme membership Membership of the Staffordshire Pension Fund continues to grow. The following information shows the number of active, deferred and retired members over the five years to 31 March 2012. 31 March 2008 31 March 2009 31 March 2010 31 March 2011 31 March 2012 Active pensionable employees 37,751 38,043 37,633 36,218 34,846 Pensioners 20,265 21,599 22,983 24,201 25,821 Deferred pensioners (people who 22,710 25,445 27,565 29,922 31,535 no longer pay into the scheme) Total membership 80,726 85,087 88,181 90,341 92,202 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 Active pensionable employees Pensioners Deferred pensioners (people who no longer pay into the scheme) 31 March 2008 31 March 2009 31 March 2010 31 March 2011 31 March 2012 There were 4,305 members who joined the fund during the period, of which 34 had transfers into the fund from other Local Government Pension Scheme (LGPS) administrators and 80 had transfers initiated from private schemes or other pension arrangements. There were 1,282 retirements where members had left the LGPS with immediate entitlement to benefits. There were a further 536 benefits put into payment following the member reaching an age at which a deferred benefit could be bought into payment automatically, or where the member had elected to do so early. Number of members DRAFT During the same period the number of actual ill health retirements that occurred was 50. There has been a further increase during 2011/2012 in the number of employers contributing to the fund with the overall number of actively contributing employers rising to 117 as at 31 March 2012. The main sources of new employers are academies, which are designated in the scheme rules as “scheme employers” and therefore required to participate, as new admitted bodies. In most cases, admission agreements are made to allow existing scheme members who are outsourced by a local authority or other scheme employer to a private sector contractor to continue as members of the scheme. In other cases, agreements have been made to reflect an existing body’s change of legal status. DRAFT31,535 DRAFT92,202 A list of all the new organisations to join the fund and those which have left during 2011/2012 are provided overleaf. 20
F u n d m e m b e r s h i p aT New organistations to the fund Name Date effective from Belgrave Academy 1 April 2011 Lovell Partnerships Limited 1 April 2011 Violet Way Academy 1 June 2011 Erasmus Darwin Academy 1 July 2011 Christchurch Academy 1 August 2011 Chadsmead Primary Academy 1 August 2011 2011T The Cheadle Academy 1 August 2011T2011 Cannock Chase Academy 1 September 2011 Staffordshire University Academy 1 September 2011 The Creative Education Academy Trust 1 September 2011 The Landau Forte Academy 1 September 2011T 2011 The Biddulph Academy 1 September 2011 The Ormiston Horizon Academy 1 September 2011 The Discovery Academy 1 September 2011 Lichfield Diocese Woodard DRAF1 Academy 1 September 2011 Weston Road Academy 1 October 2011 Bridgtown Parish Council 6 December 2011 Organisations which have left the fund Name Date effective from Connexions Staffordshire 1 April 2011 Bretby Crematorium Joint Committee 31 August 2011 KGB Cleaning Services Limited (ex SCC) 30 November 2011 Morrisons Facilities Services Limited 31 March 2012 New Administration Software During the last twelve months Pension Services have been involved in the introduction of Heywood Altair, this replaced the former AXISe administration system. The project involved large scale data conversion, testing, audit compliance and staff training. Altair allows improved database reporting and interfacing and in conjunction with Staffordshire ICT we have now introduced full arrangements.DRAF disaster recover arrangements. The introduction of Altair now means the section has an up to date pensions administration system in place with guaranteed future compatibility for the proposed new 2014 LGPS based on a career average rather than current final salary basis. New Regulations This year saw no significant changes to the existing scheme rules. DRAF T 21
Page 1 and 2: Staffordshire Pension Fund Annual r
Page 3 and 4: Contents 2 3 9 18 27 53 55 Chairman
Page 5 and 6: F u n d m a n a g e m e n t Governa
Page 7 and 8: 7 F u n d m a n a g e m e n t Pensi
Page 9 and 10: F u n d m a n a g e m e n t Adminis
Page 11 and 12: I n v e s t m e n t r e p o r t DRA
Page 13 and 14: I n v e s t m e n t r e p o r t DRA
Page 15 and 16: I n v e s t m e n t r e p o r t Inv
Page 17 and 18: I n v e s t m e n t r e p o r t Inv
Page 19 and 20: I n v e s t m e n t r e p o r t Cur
Page 21: F u n d m e m b e r s h i p Benefit
Page 25 and 26: F u n d m e m b e r s h i p Benchma
Page 27 and 28: F u n d m e m b e r s h i p Custome
Page 29 and 30: Financial statements Staffordshire
Page 31 and 32: F i n a n c i a l s t a t e m e n t
Page 35 and 36: notesDRAFT DRAFT Assumptions The as
Page 37 and 38: Financial statements F i n a n c i
Page 55 and 56: G l o s s a r y Glossary of terms A
Page 57 and 58: C o n t a c t s If you have any que

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