The Cabinet Office have confirmed that the 2024 Civil Service valuation report has been published and is available via this link: https://www.gov.uk/government/publications/2024-valuation-civil-service-pension-scheme
Associated with this, an Employer Pension Notice (EPN) has been published to confirm the new employer contribution rate for scheme employers starting 1st April 2027.
The link to the EPN is here - https://www.civilservicepensionscheme.org.uk/employerhub/kbarticle/?id=KA-01370
The results report confirms that no changes are needed to the scheme or the member contributions because of the cost cap mechanism.
The Government Actuary Department is currently considering whether the existing member contributions table will deliver the target yield of 5.6% for the 2027 - 2031 period and if not, what adjustments are recommended.
Should any changes to the scheme rules be needed we will share this with members.