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

Deferred pensioner examplesThe examples below illustrate the calculations required to adjust the deferred pensionersPre 97 pension at the Relevant Time on the PPF standard data interface layout. Allcalculations and adjustments relate to Pre 97 pensions before the application of thecompensation cap and 90% multiplier, as these are applied when the member retires.Post 97 pension cannot be used to meet the requirements of equalisation for GMP or theapplication of the Statutory Minimum. The examples therefore only consider thecalculation of Pre 97 elements of pension at the Relevant Time.Example 1 – Male with periods of service with NPAs 60 and 65(with sufficient NPA 60 service to cover female GMP at DOL)Example 2 – Male with periods of service with NPAs 60 and 65(with insufficient NPA 60 service to cover female GMP at DOL)Example 3 – Female with NPA 62 service onlyExample 4 – Male with pre 17/5/1990 service at NPA 65 and small amount of post17/5/1990 service at NPA 60Example 5 - Male greater than age 60 with NPA 60 and NPA 65 serviceThe adjustments required to Pre 97 pension at the Relevant Time for each of theseexamples should be calculated using the deferred pensioner forms appropriate to themember’s sex. Namely:Form 2(a) for male deferred pensioners; andForm 2(b) for female deferred pensioners.The small differences illustrated by the forms and the exact calculations are due torounding of the factors input into the forms.69