# The Local Government Superannuation (Scotland) Regulations 1987, Paragraph 3


The apportionment fraction is—
[AB×(C+D)]-EC, where—
A is the value at the relevant date of the accrued actuarial liabilities of the fund which relate to the persons changing funds on that date,
B is the value at the relevant date of all accrued actuarial liabilities of the fund,
C is the value at the relevant date of the transferable assets of the fund minus any sums then due from the fund,
D is the value at the relevant date of any adjustments to be made in consequence of a certificate under regulation P9(1)(b) to sums (other than sums then due to the fund) to be contributed to the fund under regulation P12(1), and
E is the value at the relevant date of the part (if any) of those adjustments which relates to the persons changing funds on that date.

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Source: https://www.legislation.gov.uk/uksi/1987/1850/schedule/19/paragraph/3 (the official version)
Page: https://openlegislation.uk/local-government-superannuation-scotland-regulations-1987/schedule-19/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.