Government Actuary's Department Guidance

The Government Actuary's Department provides NILGOSC with factors and information it must use in various benefit calculations. 

Guidance for each calculation type issued in June 2009 is available by clicking the links below.

Purchase of Additional Pension by paying Additional Regular Contributions

Late Retirement

Early / Flexible Retirement

Commutation of benefits (electing to exchange pension for lump sum)

Benefits in Excess of the Life Time Allowance 

        for members with Primary Protection

        for members with Enhanced Protection

        for members without Primary or Enhanced Protection

Trivial Commutation (getting a small pension paid as a lump sum)

Using AVCs to provide additional pension

Augmentation

Individual Transfers

Protected Rights Factors

Supplementary lump sum factors at age 55 for pensioner cash equivalents on divorce