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

Back-payments Form 4(b) – GMP only caseFor pensioners receiving pre 6/4/1997 compensation equivalent to their GMP only.Proforma 4(a) should continue to be used if member is aged less than or equal to age 60at the Relevant TimeForm only takes into consideration periods when some GMP would be in paymentMember Information – (information that is provided on standard data interface)NameNI NumberScheme NameGenderDate of Birth (DOB)Date of leaving (DOL) (= DOR, if retired from active status)Date of retirement (DOR)Assessment Date (AD)Relevant Time (RT) = AD – 1 dayNPAPre97Comp RT = Sum of pre 6/4/1997 elements of “annual£ pacompensation at Relevant Time” 1GMP InformationMGMP 65 = Male GMP (17/5/1990-5/4/1997) revalued to age 65 2 £ paFGMP 60 = Female GMP (17/5/1990-5/4/1997) revalued to age 60 2 £ paScheme Information – (factors calculated using information on standard scheme questionnaire)Scheme Normal Pension Age (NPA)(i) Pension increases in payment on Pre 97 pensionSI DOR:RT = Increases on excess pension from DOR to RT 3SI 60:RT = Increases on excess pension from age 60 to RT 3GI DOR:RT = Increases on post 88 GMP from DOR to RT 3GI 60:RT = Increases on post 88 GMP from age 60 to RT 3GI 65:RT = Increases on post 88 GMP from age 65 to RT 3(ii) Late GMP increases in defermentMLR 65:DOR = increases on male GMP, Age 65-DOR, if applicableFLR 60:DOR = increases on female GMP, Age 60-DOR, if applicableAge at DOR = DOR – DOB (years and months)Age at RT = RT – DOB (complete years)Multiplier 1 = 90% if Age at RT < 60, otherwise 100%1 Expected that such cases will have a single NPA recorded.2 MGMP 65 = 0 if the member is aged less than 65 at the RT.3 See examples for details of how to calculate the relevant pension increase factors.These calculations make no allowance for any interest to be included in the scheme backpaymentsdue prior to the Assessment Date. Where the scheme rules require the trusteesto include interest for late payment then an adjustment should be made to include anappropriate allowance for interest up to the Assessment Date only.56