Final Salary (FPS 1992 and FPS 2006)

The factors for commutation of small pensions and death benefits are set out in Annex D of the GAD Guidance dated 2nd December 2014. They are required under the following rules of the 1992 scheme and the 2006 scheme (which includes special members)

Rules B8, E5 and E4 of the 1992 scheme (SI 1992/129)

Rule 10 of Part 3 and Rule 5 of Part 4 of Schedule 1 to the 2006 scheme (SI 2006/3432)

The factors dated 2 December 2014 should be read in conjunction with the guidance notes dated 3 January 2012.

Dated Operative Date Document
2 December 2014 2 December 2014

Trivial Commutation factors - FPS 1992 and 2006 (PDF, 3 pages, 24kb)

2 December 2014  

Fire factor review (PDF, 17 pages, 57kb)

3 January 2012  

Trivial Commutation and Capitalisation for Death Gratuities (PDF, 11 pages, 121kb)

CARE (FPS 2015)

GAD Guidance dated 30 March 2015 to be used for the commutation of small pensions as set out in regulation 167 of the 2015 scheme regulations.

Dated Operative Date Document
30 March 2015 1 April 2015

FPS 2015 Commutation of Small Pensions (PDF, 10 pages, 103kb)