{
  "url": "https://openlegislation.uk/local-government-superannuation-regulations-northern-ireland-1992/regulation-P5",
  "json_url": "https://openlegislation.uk/local-government-superannuation-regulations-northern-ireland-1992/regulation-P5.json",
  "legislation": "nisr/1992/547",
  "legislation_title": "Local Government (Superannuation) Regulations (Northern Ireland) 1992",
  "legislation_url": "https://openlegislation.uk/local-government-superannuation-regulations-northern-ireland-1992",
  "path": "regulation/P5",
  "kind": "regulation",
  "number": "P5",
  "heading": "Periodical valuation of fund",
  "text": "(1) The Committee shall, unless the Department shall otherwise direct, obtain an actuarial valuation of the assets and liabilities of the fund as at 31st March in the year 1992 and in every third year thereafter, together with a report by the actuary.\n(2) Unless the Department allows an extended period, the valuation and report are to be obtained within 12 months from the date as at which the valuation is made.\n(3) The Committee shall, within 6 months after the date referred to in paragraph (2) or within such extended period as the Department may allow, furnish the actuary who is to consider the condition of the fund with such information as he may require.\n(4) Forthwith upon receiving any such valuation and report the Committee shall—\n(a) send copies of them to the Department and copies thereof to each employing authority whose employees contribute to the fund;\n(b) send the Department a copy of the revenue account with which the actuary was provided; and\n(c) unless the report contains a summary of the assets of the fund at the date as at which the valuation was made, send the Department such a summary.\n(5) In addition to the periodical valuation and report required by paragraph (1) the Committee may at any other time obtain a valuation and report on the assets and liabilities of the fund and if such a valuation and report are obtained the provisions of paragraph (4) shall apply to such valuation and report.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1992/547/regulation/P5",
    "retrieved_at": "2026-10-29T02:53:47.631381+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}