The benefit provided is a pension paid from the ex-partner's normal pension age. Normal pension age is defined as an ex-partner's State Pension age (or 65, if that is higher) in the career average section. For the purpose of this guidance, an ex-partner's expected NPA in the career average section is the same as their State Pension age as set out in legislation on the valuation day.
The benefits are paid immediately if the ex-partner is already above their NPA.
Factors should be selected with reference to the ex-partner's sex and age at calculation date, and normal pension age. The factors used to calculate the benefits for the ex-partner should be consistent with the factors used to calculate the CETV. If there is any doubt over which factors should be used, please contact GAD.
The ex-partner's share of the CETV should be calculated.
The pension amount is the share of CETV divided by the relevant pension factor for an ex-partner aged x (FxP):
Pension amount = Share of CETV / FxP
The relevant factors for the STPS, set out in Factor Tables, are as follows:
- Table STPS_PC_M65: Factors for male ex-partners, STPS, NPA 65 (Table x-317 in the consolidated factor spreadsheet)
- Table STPS_PC_F65: Factors for female ex-partners, STPS, NPA 65 (Table x-318 in the consolidated factor spreadsheet)
- Table STPS_PC_M66: Factors for male ex-partners, STPS, NPA 66 (Table x-307 in the consolidated factor spreadsheet)
- Table STPS_PC_F66: Factors for female ex-partners, STPS, NPA 66 (Table x-308 in the consolidated factor spreadsheet)
- Table STPS_PC_M67: Factors for male ex-partners, STPS, NPA 67 (Table x-309 in the consolidated factor spreadsheet)
- Table STPS_PC_F67: Factors for female ex-partners, STPS, NPA 67 (Table x-310 in the consolidated factor spreadsheet)
- Table STPS_PC_M68: Factors for male ex-partners, STPS, NPA 68 (Table x-311 in the consolidated factor spreadsheet)
- Table STPS_PC_F68: Factors for female ex-partners, STPS, NPA 68 (Table x-312 in the consolidated factor spreadsheet)
Factors should be selected with reference to the sex and age of the ex-partner (not the member) at calculation date, and normal pension age at valuation day. The factors in this note should only be used to calculate the benefits for the ex-partner if the CETV has been calculated using consistent factors. If there is any doubt over which factors should be used, please contact GAD.
Where a pension credit member has a NPA that is a whole number of years and months, the factors should be determined using the appropriate factors in the Factor Tables using straight line interpolation based on months. For example, to determine the factors applicable to a pension credit member with a normal pension age of 66 years and 2 months, the formula below should be used:
FP(NPA 66 years, 2 months) = FP(NPA66) + {(2 / 12) x [(FP (NPA67) - FP (NPA66)]}
Where:
FP (NPAxx) is the factor applying for a normal pension age of xx
Some pension credit members will have a State Pension age that falls on a specified date. This may mean that their NPA is based on years and days rather than years and whole months. In this case, the factors should be determined using the appropriate factors in the Factor Tables using straight line interpolation based on days. For example, to determine the factors applicable to a pension credit member with a normal pension age of 67 years and 249 days, the formula below should be used:
FP(NPA 67 years, 249 days) = FP(NPA67) + {(249/365) x [FP(NPA68) - FP(NPA67)]}
Where:
FP (NPAxx) is the factor applying for a normal pension age of xx
