Membership

Total Membership

As at 31 March 2014, the total membership of the Scheme was 5.0million, compared with 4.8million as at 31 March 2013. The greatest increase in absolute and relative terms was to deferred membership, which increased by 5.0% over the year.

Change in membership over year ended 31 March 2014

Employers

The total number of employers listed in the Fund annual report and accounts 2014 was 10,671, compared with 9,340 for 2013. These totals includes active and ceased employers as well as scheduled and admitted bodies, including outsourcing companies, academies etc.

These figures may differ from employers listed in actuarial valuation reports, as inactive employers with no active or deferred pensioner members may or may not be included.

CIPFA annual report guidance was updated for 2014 to included a provision of an employer table with the aim of providing a more accurate figure for active versus ceased employers.  Tables were provided in 15 annual reports, and it is hoped that more administrating authorities will provide this information in future.  Taking the ceased employer total from the grand total gives a figure of 9,867 not including ceased employers.

Average number of employers per fund by type of administering authority

Fund administering authority type Count of funds Average number of employers per fund Metropolitan Districts 7 312 County Councils 38 202 Other 5 70 Wales 8 50 London Boroughs 33 36

The chart shows how the average number of employers differs between the types of administering authority. County council administered funds typically have more participating employers compared with London boroughs. The 'Other' category comprises the London Pension Fund Authority, Transport Authorities and the Environment Agency funds.