This note is provided for the Scottish Public Pensions Agency (SPPA) as the scheme manager for the police pension schemes in Scotland, and in our capacity as scheme actuary. This note relates to the 1987, 2006 and 2015 schemes and sets out the factors and guidance for trivial commutation and the calculation of the capitalised value of benefits for the purpose of determining death gratuities.

This guidance applies to the trivial commutation and the calculation of the capitalised value of benefits for the purpose of determining death gratuities of pensions under the Police Pensions Regulations 1987, the Police Pensions (Scotland) Regulations 2007, and the Police Pension Scheme (Scotland) Regulations 2015.

The scope of cases that are covered by this guidance is detailed later in this note. Cases this guidance does not cover should be referred to SPPA for onward transmission to the Government Actuary's Department (GAD).

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.