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<p>The Government proposed a change to the discount rate in September. This change
was confirmed at the Budget in October. Provisional valuation results suggest employers
will need to pay more into schemes from 2019/20.</p><p>At the Budget, the Treasury
allocated extra funding to the reserve for 2019/20 to cover the unexpected additional
costs arising from this change to the discount rate, including for fire. Provisional
results indicate fire will pay an additional £10 million next year.</p><p>Fire services
have the resources to do their work. At March 2018 the standalone FRAs held £545 million
in reserves, equivalent to 42 percent of the core spending power.</p>
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