Valuation of the WMITA Pension Fund

The West Midlands Integrated Transport Authority (WMITA) Pension Fund contribution rates vary every three years as a result of actuarial valuation of the Fund by an independent actuary.

The actuary plays a major role in ensuring the solvency of the Fund and sets the employer contribution rate at a level required to support the costs of benefits payable out of the Fund both currently and in the future.