12.07.2015 Views

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

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

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

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Uplift at Relevant Time (be<strong>for</strong>e applying 90% multiplier)Males increase = Maximum ((1); 0.00 )= £ pa = Pre97Pensi<strong>on</strong>_Inc RTFemales increase = Maximum ( -(1); 0.00 )= £ pa = Pre97Pensi<strong>on</strong>_Inc RTCalculati<strong>on</strong> <strong>of</strong> uplift at Date <strong>of</strong> Retirement1. If “Age at <strong>the</strong> RT” 65 <strong>AND</strong>(a) If “Age at DOR” > 65= [ (FGMP 60 x FLR 60:DOR) – (MGMP 65 x MLR 65:DOR) ]= [ ( x ) - ( x ) ]= £ pa (2)(b) If 60 < “Age at DOR” 65= [FGMP 60 x FLR 60:DOR x GI DOR:RT / GI 65:RT ] - MGMP 65= [ x x / ] -= £ pa (2)(c) If “Age at DOR” 60= [FGMP 60 x GI 60:RT / GI 65:RT ] - MGMP 65= [ x / ] -= £ pa (2) OR2. If 60 < “Age at RT” < 65 <strong>AND</strong>(a) If “Age at DOR” 60= [FGMP 60 x FLR 60:DOR] – NPA Pre97Comp RT / ( SI DOR:RT x Multiplier 1)= [ x ] - / ( x )= £ pa (2)(b) If “Age at DOR” < 60= FGMP 60 x – NPA Pre97Comp RT / ( SI 60:RT x Multiplier 1)= x – / ( x )=£ pa (2)58

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