In the nuvos scheme, there is a different process for increasing the pension on late retirement depending on whether the member is still in active service or is a deferred member.

Members are awarded an age addition on each scheme anniversary (1 April) that the member remains in active service while over NPA. An age addition (assumed age addition) is also awarded on the date that the member leaves active service, if they are over NPA. See Age addition - nuvos scheme.

Members are awarded a late payment supplement (LPS) as a one-off increase at the point that they retire if they are retiring from deferred status and are over NPA. See Late payment supplements - nuvos scheme.

Our understanding is that a nuvos member who leaves active service after NPA but does not retire immediately can receive an age addition in respect of the period up to leaving active service and also a late payment supplement in respect of the period from their leaving date to their eventual retirement date.

A nuvos Pension Credit member who retires late will not be awarded a LPS. Instead backdated payments will be made to the Pension Credit member to reflect payment(s) from (i) age 60 or (ii) the date of the pension sharing order if the Pension Credit member is already over age 60 at that time.

Our understanding is that there are no late retirement increases awarded to pensions in the classic, classic plus or premium schemes, except in respect of added pension.

Added pension accrued in classic, classic plus or premium will be increased on late retirement. In general, the factors to use should be the alpha NPA 60 age addition factors. The age addition factors should be applied to the added pension in respect of the period up to the member's leaving active service. No late payment supplements apply to the added pension (purchased as a classic, classic plus or premium member) if the member retires at an age over NPA from deferred status.

The alpha NPA60 age addition factors are from table P2AA1 and guidance on the application of these are set out in the alpha early payment reduction in normal health and age addition guidance.

The factors used should assume NPA is 60 years. The factors can be applied to both pension and retirement lump sum for classic and classic plus members.

This guidance does not cover the adjustments to apply to scheme pays debits on early or late retirement. Please refer to the separate guidance on scheme pays debits.