11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2001 (CONTINUED) The actuarial valuation at 31 March 1999 showed that the market value of the Scheme's assets was £70,052,137 and the .actuarial value of the assets represented 125% of the liabilty for benefits,
calculated using the same actuarial method and assumptions that were used to calculate the pension cost charged to the Income and Expenditure Account. The accounts of the English Partnerships Pension Scheme are available from the Secretary, at St George's House, Kingsway, Team Valley, Gateshead, NE11 ONA. All employees are issued with a
summary of the accounts.
The Greater Manchester Superannuation Fund Contributions of £2,177 (1999-2000: £5,322) were paid to the Greater Manchester Superannuation Fund. The rate for 2000/01 as determined by the fund's actuary was 9% of pensionable salary. The latest actual assessment of this scheme was in 1998.
Other Schemes The three minority schemes covering up to 17% of the Agency's staff are of the defined contribution type
held in independently administered funds. The rate for 2000/01 was 9% of pensionable salary. Contributions of £81 ,321 (2000: £18,286) were paid to Inward Group Money Purchase Plan, Scottish Mutual Assurance Plc Group Personal Pension Plan, CGU Life Personal Pension Plan, and Merseyside Pension Fund.
6 (1) Seconded Staff Staff were seconded from the following organisations to the Agency during the accounting period.
2000
2001 No. of
staff
Organisation Liverpool City Council
1
Chamber Business Enterprise
1
DERA
1
Manchester Biotech Limited
1
North West Chemical Initiative
2
Old
ham Metropolitan Borough Council
Cost
No. of
Cost
£000
staff
£000
20 40 34 43 45
19
4
1
1
1
Stockport and High Peak TEC
1
11
1
South Wirral Health Authority
1
37
Eden Biopharm
1
4
Barclays Bank
1
1
Turner & Townsend
1
Manchester City Council
1
Manchester TEC
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10 17
10
10
19
89