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City of Glasgow College Annual Report & Accounts 2020-21
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 JULY 2021
23 PENSION COMMITMENTS
Strathclyde Pension Fund (SPF)
2021 2020
£000 £000
Movement in (deficit) during the year
(22,844) (6,830)
(6,724) (4,481)
(350) (174)
2,377 2,222
12,333 (13,581)
(Deficit) in scheme at end of the year (15,208) (22,844)
101,246 85,731
6,724 4,481
1,457 1,846
759 690
1,902 10,014
(1,690) (1,516)
110,398 101,246
Employer Contributions
Remeasurements
Reconciliation of defined benefit obligations (liabilities)
(Deficit) in scheme at beginning of the year
Movement in year:
Total Service cost
Total net interest
Remeasurements
Benefits paid
Opening defined benefit obligation (liabilities)
Current service cost
Interest cost
Contributions by members