Contribution rates for the Merseyside Pension Fund will increase to 18.1% after the scheme's triennial valuation revealed a 2 percentage point drop in funding levels.
The scheme’s latest triennial valuation saw it drop from 80% to 78% funded, leading to an average contribution hike for employers of 0.3 percentage points, from 17.8% to 18.1%. Yet, despite this...
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