Outgoing Club transfers from AFPS15 are calculated using standard Club factors, using a table chosen from the Club Memorandum with reference to the member's Deferred Pension Age. Tables 1 to 8 apply depending on the member's Deferred Pension Age. Table 9 is also used for the CARE adjustment.

Any cases in relation to members who are eligible for immediate benefits should be referred to GAD.

There are two required calculations:

1. Cash Equivalent Transfer Value ("CETV") - calculated in a similar manner to current transfer values but with an extra adjustment at the end in order to share the cost of the transfer between the two schemes:
   1. All relevant indexations (specific to AFPS15) are applied to the CARE pension from the date of leaving to the date of transfer (i.e. any in-service revaluation not yet applied up to the date of leaving and any deferred revaluation from the date of leaving to the date of transfer). Note that the revaluations will in effect only apply up to the end of the last complete financial year prior to transfer;
   2. The factors for the member's age at transfer - from the standard Club table for the member's DPA - are applied to the notional amount of member's pension, member's lump sum (zero) and spouse's pension (62.5% of member's pension) to generate an unadjusted CETV;
   3. A "CARE adjustment" is applied to the unadjusted CETV from (ii) to share the cost of maintaining in-service revaluation between the transferring and receiving scheme. This CARE adjustment is found in Table 9. The relevant column is "Adjustment factor - earnings" as AFPS15 has in service revaluation in line with AWE.
2. Member Credit - this is the amount of CARE pension that the CETV purchases, as outlined from part a of this list. If necessary it will be further adjusted by the receiving scheme to reflect different scheme characteristics as per paragraph b. The member credit is calculated as follows:
   4. As per a(i) above for the CETV calculation, all relevant indexations (specific to AFPS15) are applied to the CARE pension from the date of leaving to the date of transfer; however in this case the relevant indexations are the in-service revaluations (i.e. AWE). That is, the member credit is the amount of the CARE pension as if the member had rejoined the Armed Forces on the date of transfer (and so had received in-service revaluation for the period away from service). Again, the revaluations will in effect only apply up to the end of the last complete financial year prior to transfer.

As set out in the Club memorandum, for a member with a non-integer DPA of Y years and M complete months, who requires the use of a factor at age N, interpolation between two DPA tables will be necessary. The formula to use, for illustrative purposes at DPA of age 66 years 2 months, is as follows:

F_p(NPA66,2months) = F_p(NPA66) + (2/12) x [F_p(NPA67) - F_p(NPA66)]

Both the member's pension factor and survivor's pension factor should be interpolated using the above formula.