Membership
Overall, Fund membership continues to grow. The Fund has 133,641 members compared with 129,823 at March 2012. The movements of individual categories are as follows: • Active members contributing to the Scheme have fallen from 50,136 in 2012 to 49,839 in 2013, a drop of 0.6%. • Pensioners (including dependants) in receipt of a benefit have risen from 39,490 in 2012 to 41,005 in 2013, up by 3.8%. • Deferred members (members who have left employment and deferred their benefits until normal retirement age) have risen from 40,197 in 2012 to 42,797 in 2013, an increase of 6.5%. Whilst the numbers of pensioners and deferred members continue to grow, the number of active contributing members has fallen for the 3rd year running. However, it is worth noting that this year’s decrease is the lowest in recent years.
140000 130000 120000 110000 100000 90000 80000 70000 60000 50000 40000 30000 20000 10000 0
119,012
124,623
127,606
129,823
133,641
54,293
55,763
53,597
50,136 40,197 39,490
49,839 42,797 41,005
33,816 30,903
35,214 33,646
37,268 36,741
2009 2010 2011 2012 2013
Total membership Deferred Members Active Members Pensioners (including dependants)