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
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.
|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)
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.
|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 The factors used in the guidance examples dated 7 April 2016 are superseded by the new factors in the Public Sector Club Memorandum (Annex 1) from 1 March 2017.
|1 March 2017||1 March 2017||
Club Transfer factors (Annex 1)
|7 April 2016||
FPS 2015 Club Transfers (PDF, 14 pages, 113kb)