Funding Pace DB
The Trustees are responsible for making sure Pace DB has enough money to pay members their benefits when they become due.
To check this, pension schemes like Pace DB have an actuarial valuation every three years and regularly monitor funding in between valuations. A valuation is a financial health check of a pension scheme, which compares the value of the scheme’s assets against the cost of providing benefits to members in the future and recommends the contribution rate to be paid.
The Pace DB 2025 actuarial valuation has been completed. A Summary Funding Statement containing information about the Scheme's funding position will be added in August 2026. The previous funding update is included in the Members’ Annual Report.