GAD guidance and transfer in factors for the 2006 and 2015 schemes. Guidance for special members of the 2006 scheme will be sub-grouped under the 2006 scheme heading where relevant.

Note that calculations for the following members will be subject to adjustment in line with the GAD note on GMP indexation:

  • Males with a date of birth between 6 April 1951 and 5 April 1955
  • Females with a date of birth between 6 April 1953 and 5 April 1955

GAD guidance and transfer in factors for the 2006 and 2015 schemes. Guidance for special members of the 2006 scheme will be sub-grouped under the 2006 scheme heading where relevant.

Note that calculations for the following members will be subject to adjustment in line with the GAD note on GMP indexation:

  • Males with a date of birth between 6 April 1951 and 5 April 1955
  • Females with a date of birth between 6 April 1953 and 5 April 1955

FPS 2006

The factors dated 29 January 2015 for Standard (Tables C1 and C2) and Special (Tables C3 and C4) members are required under Rule 10 and Rule 11 of Part 12 of Schedule 1 to the 2006 scheme (SI 2006 No 3432). They should be used in conjunction with the GAD guidance notes dated 12 December 2012 and 30 April 2009.

Dated Operative Date Document
12 February 2015 12 February 2015

Examples and conversion factors for transferred-in service credits (Standard to Special membership) (PDF, 8 pages, 81kb)

29 January 2015 29 January 2015

FPS 2006 updated factors - Standard and Special members (PDF, 5 pages, 70kb)

12 December 2012  

FPS 2006 Factors and example calculations (non-Club) (PDF, 13 pages, 145kb)

30 April 2009  

FPS 2006 Transfer Values and Pension Sharing guidance (PDF, 80 pages, 272kb)

FPS 2015

For non-Club transfers in to FPS 2015 the addendum dated 13 May 2016 should be read in conjunction with the guidance note dated 2 June 2015. The factors should be selected from tables NM60 or NF60 of the Factor Suite according to the member’s age last birthday and sex.

Dated Operative Date Document
13 May 2016 16 March 2016

FPS 2015 Addendum: updated tables of factors (PDF, 13 pages, 176kb)

2 June 2015  

FPS 2015 Individual Cash Equivalent Transfers guidance (PDF, 12 pages, 403kb)

 

The Club Secretariat has confirmed that for cases covered by the Club Memorandum, transfers in should be calculated using factors corresponding to the active Normal Pension Age (NPA) of the 2015 scheme (currently age 60). The factors used in the guidance examples dated 7 April 2016 are superseded by the new factors in the Public Sector Club Memorandum (Annex 1) from 1 March 2017.

Dated Operative Date Document
1 March 2017 1 March 2017

Club Transfer factors (Annex 1)

7 April 2016  

FPS 2015 Club Transfers (PDF, 14 pages, 113kb)