Early Retirement Factors Valid for Previous Periods 



For all PPF compensation determinations in respect of an early retirement with an effective date prior to 1 November 2017 and calculated on or after 1 April 2015, the instructions below should be followed:

The amount of periodic compensation (i.e. pension) payable early is calculated according to Table 1.

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to Table 2.

The early retirement factor is applied to the compensation before the compensation cap is applied.

 

For all PPF compensation determinations in respect of an early retirement with an effective date prior to 1 April 2015 and calculated on or after 1 August 2011 , the instructions below should be followed:

The amount of periodic compensation (i.e. pension) payable early is calculated according to Table 1.

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to Table 2.

The early retirement factor is applied to the compensation before the compensation cap is applied.



 

For all PPF compensation determinations in respect of an early retirement with an effective date prior to 1 August 2011 and calculated on or after 6 April 2010, the instructions below should be followed:

The amount of periodic compensation (i.e. pension) payable early is calculated according to Table 1.

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to Table 2.

The early retirement factor is applied to the compensation before the compensation cap is applied.

 

For all PPF compensation determinations in respect of an early retirement with an effective date prior to 6 April 2010 and calculated on or after 1 January 2009, the instructions below should be followed:

The amount of periodic compensation (i.e. pension) payable early is calculated according to table 1

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) is calculated according to table 2

The early retirement factor is applied to the compensation before the compensation cap is applied.

 

For all PPF compensation determinations in respect of an early retirement with an effective date prior to 1 January 2009 and calculated on or after 11 September 2006 the instructions below should be followed.

The amount of periodic compensation (i.e. pension) payable early should now be calculated according to Table 1.

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) should be calculated according to Table 2.

The early retirement factor is applied to the compensation before the compensation cap is applied.

 

For all PPF compensation determinations in respect of an early retirement calculated on or before 10 September 2006 the instructions below should be followed.

The amount of periodic compensation (i.e. pension) payable early should now be calculated according to Table 1.

The amount of lump sum compensation payable early (in circumstances where lump sum is a separate entitlement from pension under the scheme, rather than derived by commuting pension) should now be calculated according to Table 2.

The early retirement factor is applied to the compensation before the compensation cap is applied.