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

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4 Contributions receivable Employers 2010/2011 2011/2012 £ 000 £ 000 Normal 108,786 99,492 Actuarial strain 12,814 17,707 Scheme members Normal 38,264 36,292 Total 159,864 153,491 Employer’s normal contributions include payments for past deficits as agreed by the actuary. The 31 March 2010 valuation’s common contribution rate was 26.8% in total, of which 10.6% related to recovering past deficits. These contributions can be analysed by type of member body as follows. Staffordshire County Council 66,903 66,741 Scheduled bodies 82,948 77,695 Admitted bodies 10,013 9,055 Total 159,864 153,491 5 Transfers in 2010/2011 2011/2012 £ 000 £ 000 Individual transfers in from other schemes 11,237 9,382 6 Benefits payable DRAFT 2010/2011 2011/2012 £ 000 £ 000 Pensions 91,163 98,863 Commutations and lump-sum retirement benefits 31,730 35,603 Lump-sum death benefits 3,359 2,947 Total 126,252 137,413 These benefits can be analysed by type of member body as follows. Financial statements F i n a n c i a l s t a t e m e n t s Staffordshire County Council 59,286 60,161 Scheduled bodies 60,343 71,043 Admitted bodies 6,623 6,209 Total 126,252 137,413 38
F i n a n c i a l s t a t e m e n t s 7 Payments to and on account of leavers 2010/2011 2011/2012 £ 000 £ 000 Individual transfers to other schemes 9,056 6,744 Group transfers to other schemes* 0 46,000 Payments for members joining state scheme 7 1 Refunds to members leaving service 36 27 *The group transfer figure for 2011/2012 represents the transfer of assets relating to the movement of Staffordshire Probation Service staff to the West Midlands Pension Fund. At 31 March 2012 the fund had a remaining commitment of £3.75m to finalise the transfer of staff. This was paid on 10 August 2012. Total 9,099 52,772 8 Administrative expenses 2010/2011 2011/2012 £ 000 £ 000 Administration and processing 2,090 2,033 Actuarial services 176 195 External audit fee 47 43 Other expenses 173 396 Printing and publications 50 29 Total 2,536 2,696 9 Investment income 2010/2011 2011/2012 £ 000 £ 000 DRAFT Fixed-interest securities 11,802 6,478 Dividends from equities 22,476 24,631 Income from index-linked securities 142 1,278 Income from pooled investment vehicles 772 946 Rents from property 10,511 12,832 Interest on cash deposits 713 613 Stock lending 145 179 Other 201 357 46,762 47,314 Withholding tax we cannot recover (490) (462) Total investment income 46,272 46,852 39
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 and 22: F u n d m e m b e r s h i p Benefit
Page 23 and 24: F u n d m e m b e r s h i p aT New
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 39: F i n a n c i a l s t a t e m e n t
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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