Social Housing Pension Scheme (SHPS) valuation results – the wait is over
SHPS has recently written to participating employers to provide results of the 30 September 2017 valuation, a little over a year after the effective date of the valuation. As trailed, we have seen a bigger deficit reported and a material increase to future service costs, and a
revised approach to meeting the larger deficit. This note summarises these results and also considers some options available to employers in respect of future pension provision and employee contributions.