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

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D.2 Questionnaire to gather scheme information required to use the PPF’s formsfor equalising for GMPsIt is vital that the information collected in this form is accurate as it will feedthrough into the calculation of changes in compensation for equalisation for GMPs.Where the details vary between different categories of member then details shouldbe provided for all the different categories. (Consideration should also be given tohow these different groups of members will be identified.)Where information is not available then this should be documented so thatappropriate decisions may be made by the trustees.Copies of relevant documents should be attached to the form if possible so that thesource of the data items is clear.If you have any questions on the completion of this form then please speak to yourPPF actuarial contact or Scheme Delivery Associate.A space is provided at the bottom of the form to provide details of when the formwas completed.1. Name of scheme2. Section / employer if appropriate3. Assessment Date4. Was the scheme contracted-out via theGMP route during any of the period17/5/1990 – 5/4/1997 inclusive?5. Has the scheme accepted a transfer ofbenefits including GMP relating to theperiod 17/5/1990 – 5/4/1997 at any time?6. Details of Scheme Normal Pension Age(NPA) – PPF definition of NPA.Please provide full details of the history ofNPAs that have applied to the scheme.If different NPAs have applied todifferent groups of members –sufficient details should be provided toenable these members to be identified.Eg Pre 17/5/1990 ……males /……..females17/5/1990 - ? …………………… allPost ?…………………… allYes / NoYes / No175
The following questions all relate to pension earned during the period17/5/1990 – 5/4/1997 inclusiveRevaluation in deferment7. Revaluation granted on pension inexcess of GMP in deferment(e.g. Statutory, fixed 5% pa, RPI, etc )8. Revaluation granted on GMP inFixed / Limited / s148 revaluationdeferment9. Has the method of granting revaluation Yes / Noin deferment changed at any time since17/5/1990?Note changes in the rate of fixedrevaluation on GMP do not count as achange in method10. If yes, for each date that this haschanged please provide details of the:- date of change- details of part of pension affected,eg excess, GMP- revaluation after the changePension increases in payment11. Increases granted on pre 6/4/1997excess pension in paymentThis should include details of both anyguaranteed increases and any discretionaryincreases awarded since 17/5/1990.Please provide details of increase grantedeach year plus date that increase wasawarded12. Increases granted on post 5/4/1988GMP in paymentPlease provide details of all increasesawarded since 17/5/1990 if increases arenot standard statutory GMP increases13. Please provide details of how thepension increase in the first year afterretirement was calculated14. If any increase have been granted thathave not been applied at the samepercentage for all members then pleaseprovide full details176
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If you have any questions regarding
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A.4 Section 143 valuation requireme
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Combining information from several
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A.6 Schemes not included in the pil
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B.1 BackgroundB.1.1 Content of Part
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B.3 Statutory requirements for cont
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B.5 Interaction of the statutory re
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greater, no further adjustment is r
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For actives, the application of the
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B.7.4 Typically male deferred pensi
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B.8.3 Back-paymentsWhere pensioner
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B.10 Back-paymentsB.10.1 Back payme
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(c) New Pensioners between the RT a
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C.1 Data requirementsFor members of
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C.3 AssumptionsThis section contain
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females joining the scheme after ag
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C.4 PPF Standard FormsThese forms c
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Form 1 - Active members at the Rele
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Generalised formula for male deferr
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Generalised formula for female defe
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1 MGMP 65 = 0 if the member is aged
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Pensioner Form 3(b) - GMP only case
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GMP pensioners - use this section i
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Age at DOR = DOR - DOB (years and m
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PLUS applicable to pensioners who h
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Calculation of Accumulated Back-pay
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Calculation of uplift at Relevant T
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Uplift in Pension at Date of Retire
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C.5 Examples of theoretical calcula
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Active Example 1. Male active membe
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Form 1 - Active members at the Rele
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Statutory minimum test for NPA 60 t
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Deferred pensioner examplesThe exam
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Modified Method (2): Opposite sex c
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Adjustment to Pension revalued to t
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The revised NPA 65 tranche = total
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Adjustment to Pension revalued to t
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Generalised formula for female defe
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Factors used in the form 2(a) for E
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eing a late retirement pensioner fo
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Pensioner NPA 60 trancheThe member
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Factors used in the Pensioner Form
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1 MGMP 65 = 0 if the member is aged
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Factors used in the Male Deferred P
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Example 5 - Member with tranches of
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Pre 97 Pension at Date retired from
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Back-paymentsThe member is entitled
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Pensioner Form 3(a) - not GMP only
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Pre 97 Pension at Date retired from
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Back-paymentsThe member is entitled
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Pensioner Form 3(a) - not GMP only
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Page 126 and 127: Pre 97 Pension at Date retired from
Page 128 and 129: Back-paymentsThe member is entitled
Page 130 and 131: Pensioner Form 3(a) - not GMP only
Page 132 and 133: PLUS applicable to pensioners who h
Page 134 and 135: Pre 97 Pension at Date retired from
Page 136 and 137: Pre 97 PPF compensation at Relevant
Page 138 and 139: Pensioner Form 3(a) - not GMP only
Page 142 and 143: Age at DOR = DOR - DOB (years and m
Page 146 and 147: Calculation of Accumulated Back-pay
Page 148 and 149: Pre 97 Pension at Date of LeavingPr
Page 150 and 151: 2.8% and 3% are UK Guaranteed Minim
Page 152 and 153: Factors used in the Form 3(a) for E
Page 154 and 155: 1 MGMP 65 = 0 if the member is aged
Page 156 and 157: Factors used in the Form 3(a) for E
Page 158 and 159: 1 MGMP 65 = 0 if the member is aged
Page 160 and 161: Pensioner Example 6. Male pensioner
Page 162 and 163: Modified Method (2): Opposite sex c
Page 164 and 165: Factors used in the Form 3(b) for E
Page 166 and 167: May use instead of standard calcula
Page 168 and 169: Back-payments Form 4(b) - GMP only
Page 170 and 171: Uplift at Relevant Time (before app
Page 172 and 173: Calculation of Accumulated Back-pay
Page 174 and 175: D.1 Factors for calculating opposit
Page 178 and 179: Early retirement information15. Did
Page 180 and 181: Late retirement from either active
Page 182 and 183: NPAFGMP DOLFemale Deferred Pensione
Page 184 and 185: e.g. 65 MGMP DOL = male GMP at date
Page 186: 65 to RTEnter 1 if pension does not
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