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City of Glasgow College Annual Report & Accounts 2019-20
CITY OF GLASGOW COLLEGE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE 12 MONTHS ENDED 31 JULY 2020
24 PENSION COMMITMENTS
Strathclyde Pension Fund (SPF)
2020 2019
£000 £000
Movement in (deficit) during the year
(6,830) 1,391
(4,481) (4,605)
(174) 1
2,222 1,880
(13,581) (5,497)
(Deficit) in scheme at end of the year (22,844) (6,830)
85,731 70,902
4,481 4,605
1,846 2,036
690 591
10,014 9,024
(1,516) (1,427)
101,246 85,731
Remeasurements
Benefits paid
Opening defined benefit obligation (liabilities)
Current service cost
Interest cost
Contributions by members
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