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 At 1 January 2021: 3,314 active members 2,967 deferred members 175 pensioners At 31 December 2021: 3,202 active members 3,331 deferred members 179 pensioners Scheme finances £000 Fund value at 1 January 2021 265,903 Funds paid in: Employer contributions 16,106 Member contributions 1,711 Transfers in 301 Other income 8 TOTAL: 18,126 Funds paid out: Retirement lump sums -1,216 Annuity purchase -1,966 Death benefits -2,150 Transfers out -9,440 Administration expenses -454 TOTAL: -15,226 Investment returns 39,575 Net increase in fund value 42,475 Transfers between sections -3,051 Fund value at 31 December 2020 305,327
