Pension Funds Act, 1956 (Act No 24 of 1956)Board NoticesNotice on Report by a valuator in relation to a Statutory Actuarial Valuation, 20103. Executive summary |
The report shall commence with a summary of the main findings of the investigation by the valuator, which shall include, but not be limited to, the following particulars:
| (a) | a table summarising the membership of the fund; |
| (b) | a table summarising the financial result of the investigation by the valuator that includes the level(s) of funding, as appropriate; |
| (c) | where applicable, the contribution rate(s) the valuator recommends be payable by the employer, as appropriate; and |
| (d) | a statement by the valuator regarding the financial condition of the fund; |
provided that all numerical results in the executive summary must include equivalent values as at the date of the previous statutory actuarial valuation, unless it is the first statutory actuarial valuation of the fund.