From 1993 to 2019, we maintained a separate fund (the No.3 Fund) for former employees of Strathclyde Buses.
Separate accounts and actuarial valuations were prepared for the No. 3 Fund and included in the Strathclyde Pension Fund Annual Report.
The No. 3 Fund also had its own investment arrangements.
During 2019, No.3 Fund members, assets and liabilities were transferred into the Aberdeen City Council Transport Fund, which is administered by the North East of Scotland Pension Fund (NESPF) and the No.3 Fund was closed.