These facts and figures are taken from the HIPS Annual Report & Accounts. You can request a copy of that report if you would like more information. Scheme membership Active members Deferred members Pensioner members At 1 January 2022: 3,202 3,331 179 At 31 December 2022 3,341 3,597 183 Scheme finances £000 Fund value at 1 January 2022 305,327 Funds paid in: Employer contributions 16,835 Member contributions 1,884 Transfers in 36 Other income 2 TOTAL: 18,757 Funds paid out: Retirement lump sums 1,106 Annuity purchases 1,144 Death benefits 1,328 Transfers out 9,723 Administration expenses (525) TOTAL: Investment returns (34,153) Net increase in fund value (29,222) Transfer to the DB section (1,893) Fund value at 31 December 2022 274,212
