2011-12

Overall Levy Estimate	£600m
Levy Scaling Factor	2.07
Scheme-based levy multiplier	0.000135
Underfunding Risk Measurement Date	31 March 2010
Insolvency Risk Measurement Date	31 March 2010
Risk-based Levy cap	0.75% of liabilities
Insolvency Risk Cap	3%
Underfunding Risk Calculation
Below 135% funding	U = (1.36 x liabilities - assets)
At and above 135% funding	funding percentage:       U as a % of liabilities:
	135 ≤ f < 140                              1
	140 ≤ f < 145                            0.75
	145 ≤ f < 150                             0.5
	150 ≤ f < 155                            0.25
	f ≥ 155                          0 (zero risk-based levy)

2010-11

Overall Levy Estimate	£720m
Levy Scaling Factor	1.64
Scheme-based levy multiplier	0.000145
Underfunding Risk Measurement Date	31 March 2009
Insolvency Risk Measurement Date	31 March 2009
Risk-based Levy cap	0.5% of liabilities
Insolvency Risk Cap	3%
Underfunding Risk Calculation
Below 120% funding	U = (1.21 x liabilities - assets)
At and above 120% funding	funding percentage:       U as a % of liabilities:
	120 ≤ f < 125                              1
	125 ≤ f < 130                            0.75
	130 ≤ f < 135                             0.5
	135 ≤ f < 140                            0.25
	f ≥ 140                          0 (zero risk-based levy)

2009-10

Overall Levy Estimate	£700m
Levy Scaling Factor	2.22
Scheme-based levy multiplier	0.000162
Data Deadline	31 March 2008
Underfunding Risk Measurement Date	31 March 2008
Insolvency Risk Measurement Date	31 March 2008
Risk-based Levy cap	1% of liabilities
Insolvency Risk Cap	15%
Underfunding Risk Calculation
Below 120% funding	U = (1.21 x liabilities - assets)
At and above 120% funding	funding percentage:       U as a % of liabilities:
	120 ≤ f < 125                              1
	125 ≤ f < 130                            0.75
	130 ≤ f < 135                             0.5
	135 ≤ f < 140                            0.25
	f ≥ 140                          0 (zero risk-based levy)

2008-09

Overall Levy Estimate	£675m
Levy Scaling Factor	3.77
Scheme-based levy multiplier	0.000165
Data Deadline	31 March 2008
Underfunding Risk Measurement Date	31 October 2007
Insolvency Risk Measurement Date	31 March 2008
Risk-based Levy cap	1% of liabilities
Insolvency Risk Cap	15%
Underfunding Risk Calculation
Below 120% funding	U = (1.21 x liabilities - assets)
At and above 120% funding	funding percentage:       U as a % of liabilities:
	120 ≤ f < 125                              1
	125 ≤ f < 130                            0.75
	130 ≤ f < 135                             0.5
	135 ≤ f < 140                            0.25
	f ≥ 140                          0 (zero risk-based levy)