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

1 MGMP 65 = 0 if the member is aged less than 65 at the RT.FGMP 60 = 0 if the member is aged less than 60 at the RT.2 See glossary and examples for details of how to calculate the relevant pension increasefactors.3DOR, unless the member has taken early/late retirement for this tranche of Pre 97 pensionand the scheme’s approach is to revalue pension to NPA and then apply ERF/LRF. In suchcases amend to NPA. DOREnter 1 if no period in deferment.Applicable to all pensioners – addresses increases in payment(a) If “Age at DOR” > 65 NOIncrease in compensation at RT= { MGMP 65 x MLR 65:DOR x [SI DOR:RT – GI DOR:RT ]x Multiplier 2 }+ { FGMP 60 x FLR 60:DOR x [GI DOR:RT x 100% – SI DOR:RT x Multiplier 2] }= { x x [ - ] x }+ { x x [ x 100% - x ] }= £ pa (1)(b) If 60 < “Age at DOR” 65 YESIncrease in compensation at RT= { MGMP 65 x [SI 65:RT – GI 65:RT ] x Multiplier 2}+ { FGMP 60 x FLR 60:DOR x [GI DOR:RT x 100% – SI DOR:RT x Multiplier 2] }= { 1,214.54 x [ 1 - 1.0895 ] x 100% }+ { 1,072.14 x 1.2739 x [ 1.1391 x 100% - 1 x 100%] }= £ 81.28 pa (1)(c) If “Age at DOR” 60 NOIncrease in compensation at RT= { MGMP 65 x [SI 65:RT – GI 65:RT] x Multiplier 2}+ { FGMP 60 x [GI 60:RT x Multiplier 1 – SI 60:RT x Multiplier 2] }= { x [ - ] x }+ { x [ x - x ] }= £ pa (1)114