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

Modified Method (2): Opposite sex calculation – applicable to a femalePre 97 Pension at Date of LeavingThe Pre 97 Deferred Pension at date of leaving = £1,262.19 pa is unchanged. However,the split of the different NPA tranches into GMP and excess pension has changed asfollows:Service Dates NPA Total Pensionat date of leavingPost 88 GMPmade up of:Excess pension01/01/1994 – 20/12/1994 60 £308.43 pa £115.62 pa £192.81 pa21/12/1994 – 05/04/1997 65 £953.76 pa £357.53 pa £596.23 paTotal n/a £1,262.19 pa £473.15 pa £789.04 paWhere the equivalent Female GMP at date of leaving is:NPA 60 tranche = 98.10 x 1.1786 = £115.62 paNPA 65 tranche = 303.35 x 1.1786 = £357.53 pa(1.1786 is taken from the table in Part D.1 for calculating opposite sex GMP)Pre 97 Pension revalued to the Relevant Time (age 58)NPA 60 tranche8115.62 *1.0625 192.81*1.181 £415.50 paNPA 65 tranche8357.53*1.0625 596.23*1.181 £1,284.84 pawhere:18.1% = Occupational Pensions (Revaluation) Order 2004 for 7 year revaluation period8 revaluations are granted to the female GMP at 6/4/1998 - 6/4/2005 inclusive77