Pension Fund and Governance
Under the terms of the LGPS Regulations Dumfries and Galloway Council is an administering authority and is required to maintain and operate a pension fund.
This fund is used to pay pensions, lump sum benefits and other entitlements to members and their dependents.
Contributions to the fund are made by employees and employers, as well as income from assets, equities, property and bonds.
This year's accounts
You can download our most recent audited annual accounts:
You can download our most recent audit report:
Accounts from previous years
Accounts for the last three financial years are also available to download:
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Download the Pension Fund audited annual accounts for 2022/23 [PDF - 1MB]
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Download the Pension Fund audit report for 2022/23 [PDF - 470KB]
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Download the Pension Fund annual accounts for 2021/22 [PDF - 2MB]
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Download the Pension Fund audit report for 2021/22 [PDF - 4MB]
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Download the Pension Fund annual accounts for 2020/21 [PDF - 1MB]
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Download the Pension Fund audit report for 2020/21 [PDF - 4MB]
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Download the Pension Fund annual accounts for 2019/20 [PDF - 938KB]
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Download the Pension Fund audit report for 2019/20 [PDF - 538KB]
Pensions Board
Each Pension Fund in the LGPS is required to establish a Pensions Board. The Board is responsible for assisting the Scheme Manager (Dumfries and Galloway Council) in relation to compliance with Scheme regulations and the requirements of the Pensions Regulator.
Membership of the Board consists of equal numbers of trade union representatives and employer representatives.
The Local Government Pension Scheme (Scotland) Advisory Board provides advice on the desirability of changes to scheme design and the implication of other policy issues.
Actuarial valuation report 2023
The actuarial valuation is a risk management exercise with the purpose of reviewing the current funding plans and setting contribution rates for the Fund's participating employers for the period from 1 April 2024 to 31 March 2027. This report summarises the outcomes of the valuation and the underlying advice provided to the Administering Authority throughout the valuation process.
