This guidance document is provided for the Department for Education (DfE) as scheme manager of the Teachers' Pension Scheme (TPS). This guidance should be used only to calculate the deduction from a member or ex-spouse's benefits that may be applied to recover pensions on divorce administration charges.
This guidance document only applies to current active and deferred members. For instances where a pensioner member fails to pay the outstanding charge a temporary deduction may be made to the pension in payment.
If a member who fails to pay the outstanding charges is transferring out of the TPS then we understand the fee amount can be deducted from the member's cash equivalent transfer value.
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.
