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

C.5 Examples of theoretical calculationsThe following examples illustrate how theoretically correct calculations could be carriedout for a variety of cases. These examples have been chosen to illustrate some of thedifferent features of the calculations. They are not intended to cover every scenario but toprovide stakeholders with sufficient background on how the calculations work.The calculations also demonstrate how the input figures that are used in the standardforms have been derived.For actives and deferred pensioners the calculations illustrate the adjustment required tothe pension revalued to the Relevant Time.For pensioners the calculations illustrate the change in PPF compensation from theRelevant Time. They also show a year by year comparison of the pension for a male andfemale prior to the Relevant Time to enable the calculation of any underpayments.Each of the calculations has then been run through the appropriate PPF standard form forthat category to illustrate how the PPF standard forms could be used.Full details of each calculation are given at the start of each section. However, the tablebelow provides some information on where to find the sample calculations and thestandard forms used.Status ofmember atRelevant TimeBrief DescriptionFormsusedActive 1. Male – NPAs 60 and 65 1 642. Female – NPA 62 1 67Deferred 1. Male – NPAs 60 and 65 (large NPA 60 element) 2(a) 71pensioner 2. Male – NPAs 60 and 65 (small NPA 60 element) 2(a) 773. Female – NPA 62 2(b) 834. Male – NPA 65 2(a) 895. Male – Age 62 at RT, NPA 60 and 65 2(a) & 3(a) 95Pensioners 1. Male – early retirement, NPA 65 3(a) 1092. Male – late retirement, NPA 60 3(a) 1173. Male – normal retirement , NPA 60 3(a) 1254. Male – normal retirement , NPA 65 3(a) & 4(a) 1335. Male, retired at age 62 NPAs 60 & 65 3(a) x two 1476. Male – GMP only 3(b) & 4(b) 160Page61