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<p>The government published the outcome of the public service pensions consultation
on the methodology used to set the Superannuation Contributions Adjusted for Past
Experience discount rate (SCAPE) on 30 March 2023. As a result, the previous guidance
on setting the discount rates for calculating cash equivalent transfer values (CETV)
payable by public service pensions schemes was suspended.</p><p> </p><p>Subsequently,
on 27 April 2023 HM Treasury published new guidance for setting discount rates for
calculating transfer values. It is now necessary for the Government Actuary’s Department
(GAD) to calculate new actuarial factors to be used in the calculation of transfer
values. GAD expects to provide these factors to administrators of public service pension
schemes, by early summer. Schemes will then be able to carry out the calculations
for transfer values.</p><p><strong> </strong></p><p>https://www.gov.uk/government/publications/basis-for-setting-the-discount-rates-for-calculating-cash-equivalent-transfer-values-payable-by-public-service-pension-schemes/basis-for-setting-the-discount-rates-for-calculating-cash-equivalent-transfer-values-payable-by-public-service-pension-schemes</p><p>
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