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 = £2,330.00 pa is unchanged. However, thesplit of the different NPA tranches into GMP and excess pension has changed as follows:Service Dates NPA Total Pensionat date of leavingGMPmade up of:Excess pension01/05/1985 – 16/05/1990 65 £2,100.00 pa £1,150.00 pa £950.00 pa17/05/1990 – 31/12/1990 60 £230.00 pa £129.65 pa £100.35 paTotal n/a £2,330.00 pa £1,279.65 pa £1,050.35 paWhere the equivalent Female GMP at date of leaving is:NPA 60 tranche = 110.00 x 1.1786 = £129.65 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 tranche15129.65*1.075 100.35*1.457 £529.83paNPA 65 tranche151,150.00 *1.075 950.00.0 *1.457 £4,786.86 pawhere:45.7% = Occupational Pensions (Revaluation) Order 2004 for 14 year revaluation period15 revaluations are granted to the female GMP at 6/4/1991 - 6/4/2005 inclusive89