Statement on Equalisation for GMPs AND the application of a ...

Factors used in the form 3(a) for Example 1 have been calculated as follows:(Note calculation of the factors not used in the calculation hasn’t been shown.)All factors have been calculated to 4 decimal places.SI DOR:RTIncreases on Pre 97 excess pension from Date of Retirement toRelevant Time= 1SI 65:RTIncreases on Pre 97 excess pension from age 65 to Relevant Time= 1GI DOR:RTIncreases on post 88 GMP from Date of Retirement to Relevant Time= 1.017 x 1.028 x 1.03 x 1.027 x 1.03= 1.1391GI 65:RTIncreases on post 88 GMP from age 65 to Relevant Time= 1.03 x 1.027 x 1.03= 1.0895XS_Revs DOL:DORRevaluation on excess Pension from Date of Leaving to Date ofRetirement= 1.2050MGMP_Revs DOL:DORRevaluation on male GMP from Date of Leaving to Date of Retirement= 1.07 8 = 1.7182FGMP_Revs DOL:DORRevaluation on female GMP from Date of Leaving to Date ofRetirement= 1.07 4 x FLR 60:DOR= 1.07 4 x 1.2739 = 1.6698FLR 60:DORIncreases on female GMP from age 60 to Date of Retirement, ifapplicable= [(1 + (2 x 52 + 38)/700) x (1.011 x 1.03 x 1.017)]=1.2739ERFScheme early retirement factor at DOR(3% pa simple, age calculated to the nearest month)= 1 – (0.03 x 2.25) = 0.9325LRFScheme late retirement factor at DOR, not applicable= 1.0112