# The Overseas Service Pensions (Scheme and Fund) Regulations 1966, Regulation 11: Valuations of the Fund


(1) The Minister shall cause an actuarial valuation of the assets and liabilities of the Fund to be made by the Government Actuary at the end of the accounting year ending on 30th September 1971 and of every fifth subsequent accounting year. The Government Actuary shall report his findings to the Minister and shall include in his report recommendations as the case may require for the making good of any deficiency or for the disposal of any surplus.
(2) Where on such valuation the Government Actuary certifies that a deficiency or a disposable surplus is disclosed, the Minister, after consultation with the Advisory Board, may with the approval of the Treasury make Regulations to amend the provisions of the Scheme whether by alteration of the rates of benefits or of the rates of contributions or otherwise.

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Source: https://www.legislation.gov.uk/uksi/1966/1629/regulation/11 (the official version)
Page: https://openlegislation.uk/overseas-service-pensions-scheme-and-fund-regulations-1966/regulation-11
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.