This note is provided for the UK Atomic Energy Authority (UKAEA or the Authority) in its role as manager of the UK Atomic Energy Authority Pension Schemes ("the UKAEA Schemes").

This note contains guidance and factor tables to calculate the service credit to be awarded when a member transfers in to the UKAEA Schemes from a pension scheme that is not a member of the Public Sector Transfer Club (the "Club").

These tables should not be used to calculate the service credit awarded on an incoming Club transfer. For Club transfers, please refer to the latest version of the Club Memorandum, which is produced by Cabinet Office.

Following the requirement to equalise Guaranteed Minimum Pensions (GMPs), the GMP adjustment factor has been removed from the calculation methodology for all members reaching State Pension Age after 6 April 2016.

This guidance applies to members with a Normal Pension Age (NPA) of 60. Cases where a member has an NPA not equal to 60 should be referred to 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.