These factors are used to increase the benefits of 2015 scheme members who do not retire once they reach their NPA.
An age addition should be calculated at the start of the scheme year (the calculation date) for an active member who was over NPA during the previous scheme year.
Eligibility for age addition should be checked against the provisions in the regulations.
There are separate age additions required for the opening balance in each of the member's pension accounts (i.e. standard earned pension, club transfer earned pension, transferred pension, added (self only) pension and added (all beneficiaries) pension). This guidance does not supply the factors required to calculate the age addition applicable to pension accounts in respect of Club transfers from other public service pension schemes. Any such case that arises should be forwarded to DoJ.
The age addition arising from each opening balance should be calculated in line with the following formula:
Age addition = Opening balance from previous scheme year x F x P
where:
Opening balance from previous scheme year is taken from the relevant pension account, without any allowance for revaluation over the scheme year.
F is the age addition factor chosen by reference to the member's age last birthday at the start of the scheme year (i.e. the calculation date) and taken from the table applicable to the relevant pension account, as shown below.
| Pension Type | Factor Table |
| Standard earned Non-Club transfers | Table A (Table 403 in the consolidated factors workbook) |
| Added (self only) Added (all beneficiaries) | Table B (Table 404 in the consolidated factors workbook) |
| Club transfers | As yet unsupplied |
P is the pro-rating factor that should be applied if the member reached NPA during the last scheme year. This proportion should be calculated as the number of complete months between the date the member reached NPA and the end of the scheme year divided by 12. If the member reached NPA in a prior scheme year, P should be set equal to 1.
Each opening balance for the current scheme year should then be calculated, in accordance with regulations, including the age additions calculated using the above formula.
This guidance covers the assumed age addition to apply to a member's benefits if they retire after their NPA. This note does not cover the assumed age addition to apply to a member's benefits if they defer after reaching SPA. Any such case that arises should be forwarded to DoJ.
An assumed age addition should be calculated at retirement for active members who retire at least one month after reaching NPA.
The assumed age addition is applied to the member's retirement account.
The assumed age addition is calculated by reference to the member's opening balance from the scheme year in which they leave active service.
There are separate age additions made in respect of the opening balances for each of the member's pension accounts (i.e. standard earned pension, club transfer earned pension, transferred pension, added (self only) pension and added (all beneficiaries) pension). This guidance does not supply the factors required to calculate the age addition applicable to pension accounts in respect of Club transfers from other public service pension schemes. Any such case that arises should be forwarded to DoJ.
The assumed age addition arising from each opening balance should be calculated in line with the following formula:
Assumed age addition = Opening balance in leaving scheme year x F x P
where:
Opening balance in leaving scheme year should be taken from the relevant pension account at the start of the leaving scheme year, without any allowance for revaluation over the scheme year.
F is the age addition factor which should be chosen by reference to the member's age last birthday at the end of the leaving scheme year and taken from the table applicable to the relevant pension account, as shown below.
| Pension Type | Factor Table |
| Standard earned Non-Club transfers | Table A (Table 403 in the consolidated factors workbook) |
| Added (self only) Added (all beneficiaries) | Table B (Table 404 in the consolidated factors workbook) |
| Club transfers | As yet unsupplied |
P is the pro-rating factor based on the proportion of the leaving scheme year that the member was an active member and over NPA prior to retirement. This proportion should be calculated as the number of complete months from the later of the date reaching NPA and the start of the scheme year in which retirement takes place to their retirement date divided by 12.
Each amount of accrued pension specified in the retirement account should then be calculated including the assumed age additions calculated using the formula above.
