Actuarial Valuation Report - March 2022

Hymans Robertson have been commissioned by Westminster City Council (the Administering Authority) to carry out a valuation of the City of Westminster Pension Fund (the Fund) as at 31 March 2022. This fulfils Regulation 62 of the Local Government Pension Scheme Regulations 2013. This report marks the culmination of the valuation process and contains its two key outcomes: Employer contribution rates for the period 1 April 2023 to 31 March 2026 and the funding level of the Fund at 31 March 2022.