The DBP Contributors Scheme is a defined benefit scheme. The benefits payable by your scheme are guaranteed by the Government.
Each year the Board's Actuary carries out a review of the scheme to determine as employer contribution rate sufficient to meet the accrued and future liabilities of the scheme. Based on the latest review, completed as at 31 March 2018, the Actuary recommended the employer contribution rate be set at 1.0 times contributors' contributions from 1 April 2019. The recommendation was endorsed by the Board.
The investment return (after tax and operating expenses) earned by the scheme for the year ended 31 March 2019 was 0.82%.
How your money is invested
The scheme’s asset allocation strategy is set by the Board and reviewed regularly. The asset allocation for the scheme was reviewed during the year and the existing asset allocation strategy retained. The pie chart shows the scheme’s current asset allocation strategy.