This note is addressed to the Lord Chancellor in their capacity as the Scheme Manager of the Judicial Pension Scheme 2022 (JPS 2022), which will come into force on 1 April 2022 under the Judicial Pension Regulations 2022 ("the Regulations").

This document sets out the actuarial guidance on the calculation of the amounts payable on trivial commutation of a pension, either on a member's retirement, or following a member's death, under the Regulations.

Trivial commutation factors are the responsibility of the Scheme Actuary of the JPS under the Regulations. This document forms GAD's advice required by these regulations.

Payment of a trivial commutation lump sum in respect of a pension is permitted and discharges all liabilities under the JPS 2022 scheme in respect of that pension.

The guidance and factors contained in this note are applicable to benefits accrued in the JPS 2022 only.

A trivial commutation lump sum applicable under a pre-2022 judicial pension scheme should be calculated in line with the relevant guidance and regulations applicable to that section of the scheme.

Under the Regulations, the scheme manager may not pay a trivial commutation lump sum under JPS 2022 where:

1. The member has been paid a trivial commutation lump sum under NJPS or from any registered pension scheme, or;
2. The member has been paid a lump sum which would have been a trivial commutation under the Fee-Paid Judicial Pension Scheme (FPJPS) had that scheme been a registered pension scheme, and;
3. a period of 12 months has elapsed from the date of the payment under (a) and/or (b), or the earliest such payment where more than one payment had been made.

The following changes have been made when reviewing this guidance:

• Important information around the expected audience for the guidance, use of the guidance, review of factors, compliance and limitations applies across all sets of guidance. Rather than being repeated in each set of guidance, this can now be found on the scheme home page. It is important to read this information alongside the guidance.
• Calculation methodology: No changes have been made to the calculation methodology.
• Examples: There are no examples in this guidance. Worked examples, using the calculation methodology, can be found in prior versions of the guidance (though please note that these use historic factors).
• Factor tables: The "Factor Tables" tab contains the names of the tables that are referenced in the calculation methodology. The tables of factors themselves can be found in the most recently published "Consolidated Factors Workbook" which is available by clicking the "Download current Consolidated Factors Workbook" button on the scheme's home page.
• Assumptions: The key assumptions underlying the factors in each note are contained in the Consolidated Factors Workbook.
• Regulations: The regulations that require the production of the actuarial factors and/or guidance that is the subject of this note are summarised in the "Regulations" tab.