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

Deferred Example 3. Female deferred pensioner at the Relevant TimeTimelineAge 586251Date ofleaving(DOL)RelevantTime(RT)SchemeNPA 1Membership DetailsDate of Birth = 5 December 1946Date joined scheme = 21 December 1994Date of leaving the scheme = 31 December 1997Assessment Date = 2 July 2005Relevant Time (RT) = 1 July 2005 (age 58 years)Pre 97 Pension at Date of LeavingPre 97 Deferred Pension at date of leaving = £1,264.84 pa which has NPA 62Service Dates NPA Total Pensionat date of leavingPost 88 GMPmade up of:Excess pension21/12/1994 – 05/04/1997 62 £1,264.84 pa £560.69 pa £704.15 paTotal n/a £1,264.84 pa £560.69 pa £704.15 paThe scheme provided revaluation on the pension in deferment at the following rates: Fixed Rate Revaluation on GMP (in this case 6.25% pa) Statutory revaluation on the excess pensionPre 97 Pension revalued to the Relevant Time (age 58)NPA 60 tranche £0 paNPA 62 tranche8560.69 *1.0625 704.15*1.181 £1,742.26 pawhere:18.1% = Occupational Pensions (Revaluation) Order 2004 for 7 year revaluation period8 revaluations are granted to the male GMP at 6/4/1998 - 6/4/2005 inclusiveStatutory requirements for female at age 60No check is currently undertaken – details of the Statutory Minimum test that needs to beapplied is given below the opposite sex calculation below.82