invested to ensure under by the volatile a long-term surplus management in market conditions of assets over accordance with experienced in liabilities. the Investment 2015-16. Plan. Ensure each The ratio of total 110% Construction: Other than the scheme has assets over total 104% construction adequate assets to liabilities as at 30 scheme, all the Cleaning:146% meet its liabilities. June of the other three Community:138% financial year for schemes are Security:130% each administered expected to meet scheme is or exceed the maintained at least target. A change of of the target. discount rate from 7.5% to 6.5% and the lower than expected investment return have both contributed to a lower than target assets over liability ratio for the construction scheme.
invested to ensure a long-term surplus of assets over liabilities. under management in accordance with the Investment Plan. by the volatile market conditions experienced in 2015-16. Ensure each scheme has adequate assets to meet its liabilities. The ratio of total assets over total liabilities as at 30 June of the financial year for each administered scheme is maintained at least of the target. 110% Construction: 104% Cleaning:146% Community:138% Security:130% Other than the construction scheme, all the other three schemes are expected to meet or exceed the target. A change of discount rate from 7.5% to 6.5% and the lower than expected investment return have both contributed to a lower than target assets over liability ratio for the construction scheme.