The purpose of the Club is to facilitate transfers for members who move between employers whose pension schemes are both members of the Club.

Most Club schemes use standard tables of factors for both outgoing and incoming Club transfers. These tables are differentiated by Normal Pension Age (or Deferred Pension Age for transfers out).

AFPS05 has unique benefit features which result in the standard tables being inappropriate for determining service credits for incoming final salary Club transfers into AFPS05. As a result, GAD issues a set of incoming Club transfer factors which apply specifically to AFPS05.

Club transfers require the member to select the option within 12 months of joining the new employer. Any salary changes resulting from the change in employment are ignored when determining the service credits for incoming Club transfers.

As previously, the GMP factors and NI modification factors are all set to zero, as the Club factors do not allow for any adjustments for GMP or NI modification.

No adjustment to market conditions (AMC) should be applied to Club transfers.