The factors should be selected according to the member's age last birthday.

Members under age 60

For members under NPA, the relevant factors should be taken from Table 903 or 913 as applicable (tables 201 and 202 in the Consolidated Factors Workbook).

If a member wishes to transfer in from a pension scheme that is not a member of the "Club", the service credit to be awarded to the member should be calculated as:

Service = CETV / (((1/80) × F_x^P) + ((3/80) × F_x^LS) + ((1/140) × F_x^S)) × PE)

where

CETV = the member's incoming transfer value

PE = member's pensionable earnings (per annum) at the relevant date

F_x^P = relevant gross pension factor for a member aged x

F_x^LS = relevant lump sum factor for a member aged x

F_x^S = relevant widow's pension factor for a member aged x

Members above age 60

For members over NPA, the relevant factors should be taken from Table 703 or 713 as applicable (tables 301 and 302 in the Consolidated Factors Workbook).

The formula above should be used, with F_x^L for these members set equal to 1.