The Municipal Councillors Pension Fund is audited on an annual basis in line with the rules of the Fund and in compliance with the Pension Funds Act.
The Municipal Councillors Pension Fund is audited on an annual basis in line with the rules of the Fund and in compliance with the Pension Funds Act. An independent audit is done to provide a true reflection of the financial position of the Fund.
A statuary valuation is done every three years with the results being submitted to the Financial Services Board. Interim valuations are performed as and when required and presented to the Board of Trustees and Financial Service Board. All valuations are done to ensure solvency of the Fund
Audit of the Annual Financial statement as at 30 June 2016 will be due by 30 October 2017 , benefit statements have been delayed.
Extension is due to Properties to be correctly valued for audit purposes so that the Fund is able to calculate the correct Member values