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

If NPA is after age 60; statutory late retirement on the female GMPshould be included to NPAFLR 60:DORPensioners onlyStatutory increases on the female GMP or equivalent female GMPbetween age 60 and DOR.= (1 + Number weeks age 60 to DOR/700) x (Statutory increases onpost 88 GMP from Age 60 to DOR)Enter 1, if not used in the calculationsGMP Age The age when a member is entitled to receive their GMP – i.e. age 60for women and age 65 for menGI 60:RTScheme increases awarded on post 5/4/1988 GMP from age 60 to RTGI 65:RTScheme increases awarded on post 5/4/1988 GMP from age 65 to RTGI DOR:RTScheme increases awarded on post 5/4/1988 GMP from DOR to RTLRFLate retirement factor at DOR applied to the scheme pension revaluedto either DOR or NPA (depending on scheme rules).The factor may vary between retirements from active and deferredstatus and between retirements at different timesMethod 2A method of equalising pension for GMP that requires a year on year (ormore frequent) comparison of the male and females benefits. Thismethod was outlined in the PPF’s first consultation on equalisation forGMPs carried out in April 2008. Method 2 is being used to calculate anyback-payments due prior to the Assessment DateMGMP DOLPensioners onlyMale GMP or equivalent male GMP at date of leaving the schemeaccrued between 17/5/1990 – 5/4/1997 (inclusive)MGMP 65Pensioners onlyMale GMP or equivalent male GMP accrued between 17/5/1990 –5/4/1997 (inclusive) revalued to age 65Set to zero if the member is age less than 65 at the RTNPAMGMP DOLMale deferred pensioners onlyMale GMP at the date of leaving the scheme accrued during serviceperiods (between 6/4/1978 – 5/4/1997 (inclusive)) where the schemeNPA was greater than 60182