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

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Early retirement information15. Did the scheme have a different method Yes / Noor use different early retirement factors forcalculating early retirement pensions formembers who retired from active serviceand from deferred membership?(i) Early retirement from active status16. Please provide a description of themethod used to calculate early retirementpensions for members retiring from activeservice17. Please provide details of the factorsused to calculate early retirement pensionsfor members retiring from active service18. Has the method or the factors changed Yes / Noat anytime during the period 17/5/1990 tothe assessment date?19. If yes – then please provide details ofthe different method and factors that haveapplied for each period including the datesthat they are applicable to(ii) Early retirement from deferred pensioner status20. Please provide a description of themethod used to calculate early retirementpensions for members retiring fromdeferred pensioner status21. Please provide details of the factorsused to calculate early retirement pensionsfor members retiring from deferredpensioner status22. Has the method or the factors changed Yes / Noat anytime during the period 17/5/1990 tothe assessment date?23. If yes – then please provide details ofthe different method and factors that haveapplied for each period including the datesthat they are applicable toEarly retirement from either active or deferred pensioner status24. Has the scheme permitted earlyYes / Noretirement, from either active or deferredstatus, by allowing the member to sacrificepart of their early retirement pension sothat the GMP was covered from GMPPayable Age?25. If yes, please provide details177
(iii) Early retirement in ill-health26. If ill-health retirement has beengranted on different terms please providedetails of both: the method and factorsapplying for ill-health retirement fromactive and deferred pensioner status(iv) Early retirement with special terms27. Has early retirement being permitted on Yes / Nospecial terms at anytime since 17/5/1990?(For example on grounds of redundancy)28. If yes, please provide details of the:- date(s) of the exercise; and- the method and early retirement factorsusedLate retirement information29. Did the scheme have a different method Yes / Noor use different late retirement factors forcalculating late retirement pensions formembers who retired from active serviceand from deferred membership?(i) late retirement from active status30. Please provide a description of themethod used to calculate late retirementpensions for members retiring from activeservice31. Please provide details of the factorsused to calculate late retirement pensionsfor members retiring from active service32. Has the method or the factors changed Yes / Noat anytime during the period 17/5/1990 tothe assessment date?33. If yes – then please provide details ofthe different method and factors that haveapplied for each period including the datesthat they are applicable to(ii) late retirement from deferred pensioner status34. Please provide a description of themethod used to calculate late retirementpensions for members retiring fromdeferred pensioner status35. Please provide details of the factorsused to calculate late retirement pensionsfor members retiring from deferredpensioner status178
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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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Back-paymentsThe member is entitled
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Pensioner Form 3(a) - not GMP only
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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 176 and 177: D.2 Questionnaire to gather scheme
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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