actuarial valuation
Councils are currently reviewing employer pension contribution rates following recent actuarial valuations showing improved fund health.
In March 2026, Westminster Council's Pension Board discussed a proposed reduction in employer contribution rates for its pension fund, set to average 20.5% of pay from April 2026 to March 2029, following an actuarial valuation showing a 140% funding level. A councillor questioned this reduction. Brent Council's pension fund will also cut employer contributions from 30.5% to 23% of pay from April 2026, after its March 2025 triennial actuarial valuation revealed a 113% funding level, attributed to higher assumed investment returns.
Islington Council's Pensions Committee has been reviewing its 2025 actuarial valuation and its draft Funding Strategy Statement, discussing the valuation in December 2025 and reviewing consultation results in March 2026. An actuarial valuation assesses a pension fund's financial health, determining its ability to meet future benefit obligations. No upcoming council meetings are currently listed with this topic on their agenda.
Key facts
- Westminster Pension Fund's actuarial valuation showed an improved funding level of 140%. Source
- Westminster's employer contribution rates are set to average 20.5% of pay for the period April 1, 2026, to March 31, 2029. Source
- Brent Pension Fund's latest triennial actuarial valuation, as of March 31, 2025, revealed the fund is 113% funded. Source
- Brent's employer contribution rates will be reduced from 30.5% to 23% of pay from April 2026. Source
- The Brent Pension Fund's funding level increased from 87% in 2022 to 113% in March 2025. Source
About this summary
This summary was written automatically from our published stories and the council meeting records they draw on. It describes what councils have discussed and decided; it does not take a view on any decision. Each key fact links to the story it comes from. Updated 30 September 2026. Spotted a mistake? Email community@opencouncil.network.