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The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998

Type Statutory-Instrument

Publication 1998-06-04

Last updated 2016-04-06

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Made: 4th June 1998

Laid before Parliament: 11th June 1998

Coming into force: 6th July 1998

The Secretary of State for Social Security, in exercise of the powers conferred by section 181(1) and (4) of, and paragraph 5(3C)(c) of Schedule 2 to, the Pension Schemes Act 1993, and of all other powers enabling her in that behalf, having consulted such persons as she considers appropriate, hereby makes the following Regulations:

Citation, commencement and interpretation

1

(1) These Regulations may be cited as the Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights and Miscellaneous Amendment) Regulations 1998 and shall come into force on 6th July 1998.

(2) In these Regulations—

“the 1993 Act" means the Pension Schemes Act 1993;

“additional pension" means the additional pension in a Category A retirement pension or in any other benefit under Part II of the Social Security Contributions and Benefits Act 1992 which is payable by virtue of section 44(3)(b) of that Act;

“earner" means—

(a) in the case of a surviving spouse member, the deceased spouse from whose employment that member’s rights under the scheme are derived; and

(aa) in the case of a surviving civil partner member, the deceased civil partner from whose employment that member’s rights under the scheme are derived; and

(b) in any other case, the member;

Determination of the amount required for restoring State scheme rights

2

For the purposes of paragraph 5(3A) to (3E) of Schedule 2 to the 1993 Act the amount required for restoring State scheme rights in relation to a member of a scheme which was a contracted-out occupational pension scheme and which started to wind up before the second abolition date shall be—

(a) in a case where the prescribed person may elect under section 55(2) of that Act to pay a contributions equivalent premium, the amount of that premium calculated in accordance with section 58(4) of that Act; and

(b) in any other case, the amount calculated in accordance with regulation 3.

Method of calculation where no election to pay a contributions equivalent premium may be made

3

(1) In a case to which regulation 2(b) applies, the amount required for restoring a member’s State scheme rights shall be—

(a) in the case of a man (other than a surviving spouse member or surviving civil partner member) who has not attained pensionable age on the effective date—

X × Factor A × 52 × market level indicator

plus

(y₁ × Factor B1 + y₂ × Factor B2) × 52 × market level indicator

plus

(z₁ × Factor C1 + z₂ × Factor C2) × 52 × market level indicator;

(b) in the case of a woman (other than a surviving spouse member or surviving civil partner member) who has not attained pensionable age on the effective date—

X × Factor D × 52 × market level indicator

plus

(y₁ × Factor E1 + y₂ × Factor E2) × 52 × market level indicator

plus

(z₁ × Factor F1 + z₂ × Factor F2) × 52 × market level indicator;

(c) in the case of a man (other than a surviving spouse member or surviving civil partner member) who has attained pensionable age on the effective date—

X × Factor G × 52 × market level indicator

plus

(y₁ + y₂) × Factor H × 52 × market level indicator

plus

(z₁ + z₂) × Factor I × 52 × market level indicator;

(d) in the case of a woman (other than a surviving spouse member or surviving civil partner member) who has attained pensionable age on the effective date—

X × Factor J × 52 × market level indicator

plus

(y₁ + y₂) × Factor K × 52 × market level indicator

plus

(z₁ + z₂) × Factor L × 52 × market level indicator;

(e) in the case of a man who is a surviving spouse member or surviving civil partner member—

X × Factor M × 52 × market level indicator

plus

(z₁ + z₂) × Factor N × 52 × market level indicator;

(f) in the case of a woman who is a surviving spouse member—

X × Factor O × 52 × market level indicator

plus

(y₁ + y₂) × Factor P × 52 × market level indicator

plus

(z₁ + z₂) × Factor Q × 52 × market level indicator;

(g) in the case of a woman who is a surviving civil partner member—

$X×Factor O×52×market level indicator$

plus

$(z1+z2)×Factor Q×52×market level indicator;$

(2) For the purposes of paragraph (1)—

(a) the amount of each factor shall be—

(i) for Factors A to F2, the amount derived from the relevant Table in Schedule 1, being the amount shown for the factor in the column below the relevant tax year, in relation to the tax year in which the member was born, as specified in the first column of that Table;

(ii) for Factors G to Q, the amount shown in the column below the relevant factor, in whichever of Tables 11 and 12 in Schedule 1 is applicable, in relation to the age attained by the member in the relevant tax year as specified in the first column of that Table.

(b) “the relevant weekly amount" is the weekly amount, determined by the Secretary of State, representing—

(ia) as regards any relevant employment after 5th April 2002, the weekly amount as specified in paragraph (3);

(i) as regards any relevant employment after 5th April 1997 and before 6th April 2002, the weekly amount of additional pension to which the member would be entitled, or would have become entitled at pensionable age, in respect of that employment, if the scheme had not been a contracted-out scheme (whether by virtue of his own contributions or, in the case of a surviving spouse member, by virtue of the earner’s contributions); and

(ii) as regards any relevant employment before 6th April 1997, the member’s guaranteed minimum pension or any guaranteed minimum pension to which the member is, or would on attaining pensionable age be, treated as entitled by virtue of section 48 of the 1993 Act (reduced benefits where minimum payments or minimum contributions paid) in respect of that employment,

and, for the purposes of determining those weekly amounts, except where such provision made by the scheme as is mentioned in section 16(2) of the 1993 Act (revaluation of earnings factors: early leavers) applies, the earner’s earnings factors shall be taken to have been increased by reference to the last order under section 148 of the Social Security Administration Act 1992 to come into force before the end of the tax year preceding the relevant tax year;

(c) full revaluation applies where, for the purposes of determining the relevant weekly amount, the earner’s earnings factors are taken to have been increased in accordance with sub-paragraph (b);

(d) limited revaluation applies where the relevant weekly amount has been determined in accordance with any provision made by the scheme under subsection (3) of section 16 of the 1993 Act (as in force immediately before 6th April 1997) not conforming with the additional requirements referred to in that subsection;

(e) fixed revaluation applies where the relevant weekly amount has been determined in accordance with such provision as is mentioned in that subsection as in force immediately after 5th April 1997; and

(f) the market level indicator is the amount calculated in accordance with regulation 4 below.

(3) The weekly amount specified in this paragraph is—

(a) the weekly amount of additional pension to which the member would be entitled in respect of the relevant employment after 5th April 2002 (whether by virtue of his own contributions or, in the case of a surviving spouse member or surviving civil partner member, by virtue of the earner’s contributions) if the scheme had not been a contracted-out scheme, less the weekly amount of any such pension to which he is so entitled despite the scheme having been such a scheme; or

(b) the weekly amount of additional pension to which the member would have become so entitled on attaining pensionable age if the scheme had not been such a scheme, less the weekly amount of any such pension to which he will be so entitled despite the scheme having been such a scheme.

Market Level Indicator

4

For the purposes of regulation 3 the market level indicator is—

Amendment of the Occupational Pension Schemes (Contracting-out) Regulations 1996

5

After regulation 50 of the Occupational Pension Schemes (Contracting-out) Regulations 1996 there shall be inserted—

(50A) For the purposes of paragraph 5(3A) to (3E) of Schedule 2 to the 1993 Act and regulations 49 and 50 the persons to be regarded as members of an occupational pension scheme shall include a person who has the right to payment of a widow’s or widower’s pension under the scheme.

SCHEDULE 1

Age attained in relevant tax year	FACTOR A	FACTOR B1	FACTOR B2	FACTOR C1	FACTOR C2
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65	4.14 4.24 4.33 4.43 4.53 4.63 4.74 4.85 4.96 5.07 5.19 5.31 5.43 5.55 5.68 5.81 5.94 6.07 6.20 6.34 6.48 6.63 6.77 6.92 7.08 7.23 7.40 7.56 7.73 7.90 8.07 8.25 8.44 8.63 8.82 9.02 9.22 9.43 9.64 9.86 10.09 10.32 10.56 10.82 11.09 11.37 11.67 11.99 12.33 13.45	2.17 2.24 2.30 2.37 2.43 2.50 2.58 2.65 2.73 2.81 2.89 2.97 3.06 3.14 3.23 3.33 3.42 3.52 3.62 3.72 3.83 3.93 4.04 4.16 4.28 4.40 4.52 4.65 4.78 4.92 5.06 5.20 5.35 5.50 5.66 5.82 5.99 6.16 6.34 6.53 6.72 6.91 7.12 7.34 7.58 7.82 8.08 8.35 8.64 9.44	2.87 2.94 3.01 3.07 3.14 3.22 3.29 3.36 3.44 3.52 3.60 3.68 3.77 3.85 3.94 4.03 4.12 4.21 4.30 4.40 4.50 4.60 4.70 4.81 4.91 5.02 5.14 5.25 5.37 5.49 5.61 5.74 5.87 6.00 6.14 6.28 6.42 6.57 6.72 6.88 7.04 7.20 7.38 7.56 7.76 7.96 8.17 8.40 8.64 9.44	2.75 2.83 2.92 3.00 3.09 3.17 3.27 3.36 3.46 3.56 3.66 3.77 3.88 3.99 4.10 4.22 4.34 4.46 4.59 4.72 4.85 4.99 5.13 5.27 5.42 5.57 5.73 5.89 6.06 6.23 6.41 6.59 6.77 6.96 7.16 7.37 7.58 7.79 8.02 8.25 8.49 8.73 8.99 9.27 9.56 9.86 10.18 10.53 10.89 11.88	3.64 3.73 3.81 3.90 3.99 4.08 4.17 4.26 4.36 4.46 4.56 4.67 4.77 4.88 4.99 5.11 5.22 5.34 5.46 5.58 5.70 5.83 5.96 6.09 6.23 6.36 6.51 6.65 6.80 6.95 7.11 7.27 7.43 7.59 7.77 7.94 8.12 8.31 8.50 8.69 8.89 9.10 9.31 9.54 9.79 10.04 10.30 10.59 10.89 11.88
Age attained in relevant tax year	FACTOR D	FACTOR E1	FACTOR E2	FACTOR F1	FACTOR F2
---	---	---	---	---	---
16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65	4.32 4.42 4.52 4.62 4.72 4.82 4.93 5.04 5.15 5.27 5.39 5.51 5.63 5.75 5.88 6.01 6.14 6.28 6.42 6.56 6.70 6.85 7.00 7.15 7.31 7.47 7.64 7.80 7.98 8.15 8.33 8.52 8.71 8.91 9.11 9.32 9.53 9.75 9.98 10.21 10.45 10.70 10.96 11.23 11.52 11.82 12.14 12.47 12.82 13.93	2.21 2.27 2.34 2.40 2.47 2.54 2.62 2.69 2.77 2.84 2.92 3.01 3.09 3.18 3.27 3.36 3.45 3.55 3.65 3.75 3.86 3.96 4.07 4.19 4.30 4.42 4.55 4.68 4.81 4.94 5.08 5.22 5.37 5.53 5.68 5.85 6.02 6.20 6.38 6.57 6.76 6.97 7.18 7.41 7.64 7.89 8.15 8.42 8.71 9.47	2.94 3.00 3.07 3.14 3.21 3.28 3.35 3.43 3.50 3.58 3.66 3.74 3.83 3.91 4.00 4.08 4.17 4.26 4.36 4.45 4.55 4.65 4.75 4.86 4.96 5.07 5.18 5.29 5.41 5.53 5.65 5.78 5.91 6.04 6.18 6.32 6.46 6.61 6.77 6.92 7.09 7.26 7.44 7.63 7.82 8.03 8.25 8.47 8.71 9.47	2.86 2.94 3.02 3.11 3.19 3.28 3.38 3.47 3.57 3.67 3.78 3.88 3.99 4.11 4.22 4.34 4.47 4.59 4.72 4.85 4.99 5.13 5.27 5.42 5.57 5.73 5.89 6.06 6.23 6.40 6.58 6.77 6.96 7.17 7.37 7.59 7.81 8.04 8.27 8.52 8.77 9.04 9.32 9.61 9.91 10.24 10.57 10.93 11.30 12.29	3.79 3.88 3.97 4.05 4.14 4.24 4.33 4.43 4.53 4.63 4.73 4.84 4.94 5.05 5.17 5.28 5.40 5.52 5.64 5.76 5.89 6.02 6.15 6.29 6.42 6.57 6.71 6.86 7.01 7.17 7.33 7.49 7.66 7.83 8.01 8.19 8.39 8.58 8.78 8.98 9.20 9.42 9.65 9.90 10.15 10.42 10.70 10.99 11.30 12.29
Age attained in relevant tax year	FACTOR D	FACTOR E1	FACTOR E2	FACTOR F1	FACTOR F2
---	---	---	---	---	---
48 49 50 51 52 53 54 55 56 57 58 59 60	11.31 11.57 11.84 12.12 12.40 12.69 13.00 13.31 13.64 13.97 14.33 14.69 15.93	6.89 7.09 7.30 7.51 7.73 7.96 8.20 8.45 8.71 8.98 9.27 9.56 10.37	7.35 7.52 7.70 7.88 8.06 8.25 8.45 8.65 8.87 9.09 9.32 9.56 10.37	9.16 9.43 9.71 9.99 10.29 10.60 10.92 11.25 11.59 11.95 12.33 12.73 13.80	9.78 10.00 10.24 10.48 10.73 10.98 11.25 11.52 11.80 12.10 12.41 12.73 13.80
	Relevant tax year	1997/98	1998/99	1999/2000	2000/01
---	---	---	---	---	---
Tax year of birth	Factor D
1950/51 1951/52 1952/53 1953/54 1954/55		10.76 10.03 9.32 8.65 8.00	11.01 10.25 9.53 8.84 8.17	11.26 10.49 9.75 9.04 8.35	11.52 10.73 9.97 9.24 8.54
Tax year of birth	Factor E1
1950/51 1951/52 1952/53 1953/54 1954/55		6.53 6.06 5.61 5.19 4.78	6.71 6.23 5.77 5.34 4.92	6.91 6.41 5.94 5.49 5.06	7.11 6.59 6.11 5.64 5.20
Tax year of birth	Factor E2
1950/51 1951/52 1952/53 1953/54 1954/55		7.03 6.59 6.18 5.78 5.40	7.19 6.74 6.32 5.91 5.52	7.35 6.90 6.46 6.04 5.64	7.52 7.05 6.61 6.18 5.77
Tax year of birth	Factor F1
1950/51 1951/52 1952/53 1953/54 1954/55		8.65 8.00 7.37 6.78 6.21	8.91 8.23 7.58 6.97 6.39	9.17 8.47 7.80 7.17 6.57	9.43 8.71 8.03 7.38 6.76
Tax year of birth	Factor F2
1950/51 1951/52 1952/53 1953/54 1954/55		9.32 8.71 8.12 7.56 7.02	9.53 8.90 8.30 7.73 7.17	9.75 9.11 8.49 7.90 7.33	9.98 9.32 8.68 8.08 7.49
Age attained in relevant tax year	MEN	MEN	MEN	WOMEN	WOMEN
---	---	---	---	---	---
FACTOR G	FACTOR H	FACTOR I	FACTOR J	FACTOR K	FACTOR L
60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89	— — — — — 13.45 13.03 12.61 12.18 11.75 11.32 10.89 10.47 10.05 9.63 9.22 8.81 8.41 8.01 7.61 7.22 6.83 6.45 6.07 5.70 5.33 5.00 4.69 4.39 4.10	— — — — — 9.44 9.23 9.02 8.80 8.57 8.34 8.11 7.87 7.63 7.38 7.14 6.89 6.64 6.38 6.12 5.86 5.60 5.34 5.07 4.80 4.53 4.29 4.06 3.83 3.60	— — — — — 11.88 11.55 11.22 10.88 10.53 10.19 9.84 9.49 9.14 8.79 8.44 8.10 7.75 7.41 7.06 6.72 6.38 6.05 5.71 5.38 5.04 4.75 4.47 4.19 3.93	15.93 15.56 15.17 14.76 14.35 13.93 13.50 13.06 12.61 12.16 11.71 11.26 10.81 10.36 9.93 9.50 9.08 8.67 8.26 7.86 7.47 7.09 6.72 6.36 6.01 5.67 5.36 5.06 4.78 4.52	10.37 10.21 10.04 9.86 9.67 9.47 9.27 9.05 8.83 8.60 8.36 8.12 7.88 7.63 7.39 7.15 6.90 6.66 6.41 6.16 5.92 5.68 5.44 5.20 4.96 4.74 4.51 4.30 4.09 3.90
Age attained in relevant tax year	WIDOWERS	WIDOWERS	WIDOWS	WIDOWS	WIDOWS
---	---	---	---	---	---
FACTOR M	FACTOR N	FACTOR O	FACTOR P	FACTOR Q
25 and below 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 and over	5.95 6.07 6.28 6.51 6.77 7.08 7.43 7.82 8.19 8.56 8.91 9.24 9.53 9.81 10.08 10.29 10.47 10.61 10.73 10.84 10.94 11.01 11.06 11.10 11.14 11.18 11.22 11.27 11.32 11.36 11.39 11.42 11.44 11.45 11.44 11.43 11.41 11.46 11.59 11.78 11.82 11.70 11.33 10.96 10.60 10.24 9.89 9.54 9.19 8.84 8.49 8.15 7.81 7.48 7.15 6.82 6.50 6.19 5.89 5.60 5.31 5.04 4.78 4.53 4.29 4.06 3.84 3.64 3.44 3.26 3.09	5.42 5.51 5.68 5.86 6.08 6.33 6.62 6.93 7.24 7.55 7.84 8.11 8.35 8.58 8.80 8.98 9.12 9.24 9.34 9.44 9.52 9.59 9.64 9.67 9.71 9.76 9.80 9.86 9.91 9.95 10.00 10.03 10.07 10.09 10.10 10.11 10.11 10.18 10.31 10.50 10.56 10.49 10.19 9.89 9.59 9.30 9.00 8.71 8.41 8.12 7.83 7.53 7.24 6.95 6.66 6.38 6.10 5.82 5.55 5.29 5.03 4.79 4.55 4.32 4.10 3.89 3.69 3.50 3.31 3.14 2.98	10.56 11.04 11.53 12.04 12.54 13.04 13.53 13.99 14.43 14.83 15.18 15.47 15.69 15.83 15.95 16.05 16.13 16.18 16.20 16.21 16.22 16.23 16.24 16.22 16.20 16.18 16.14 16.10 16.09 16.13 16.15 16.07 15.90 15.56 15.21 14.86 14.49 14.13 13.75 13.38 13.00 12.62 12.23 11.84 11.44 11.05 10.65 10.25 9.86 9.46 9.07 8.67 8.28 7.90 7.52 7.15 6.79 6.44 6.10 5.77 5.46 5.17 4.90 4.64 4.39 4.15 3.93 3.71 3.51 3.31 3.11	6.85 7.09 7.33 7.59 7.85 8.11 8.36 8.61 8.85 9.07 9.27 9.44 9.58 9.67 9.76 9.83 9.90 9.96 10.00 10.04 10.08 10.13 10.17 10.21 10.24 10.28 10.31 10.34 10.40 10.48 10.56 10.59 10.56 10.42 10.28 10.12 9.96 9.80 9.62 9.45 9.26 9.07 8.87 8.67 8.46 8.24 8.02 7.79 7.56 7.32 7.08 6.83 6.58 6.33 6.09 5.84 5.59 5.34 5.10 4.87 4.64 4.43 4.22 4.02 3.83 3.65 3.48 3.31 3.15 2.99 2.83	8.96 9.33 9.71 10.11 10.51 10.91 11.29 11.67 12.02 12.34 12.64 12.88 13.07 13.20 13.31 13.40 13.48 13.54 13.58 13.62 13.65 13.68 13.71 13.72 13.74 13.74 13.75 13.74 13.77 13.83 13.89 13.86 13.76 13.51 13.25 12.98 12.71 12.43 12.14 11.85 11.55 11.25 10.94 10.63 10.31 9.98 9.66 9.33 9.00 8.66 8.33 7.99 7.66 7.33 7.00 6.67 6.36 6.05 5.74 5.45 5.17 4.91 4.66 4.42 4.19 3.98 3.77 3.57 3.38 3.20 3.01

SCHEDULE 2

Yield per cent	Yield per cent	Yield per cent	Index number
3.96%4.03%4.10%4.17%4.24%4.31%4.39%4.46%4.54%4.61%4.68%4.76%4.84%4.92%5.00%5.07%5.15%5.23%5.31%5.40%5.48%5.57%5.65%5.74%5.83%5.92%6.01%6.09%6.18%6.27%6.37%6.46%6.56%6.65%6.74%6.85%6.95%7.05%7.15%7.25%7.36%7.46%7.57%7.68%7.79%7.91%8.02%8.13%8.25%8.37%8.49%8.61%8.74%8.87%8.99%9.12%9.25%9.39%9.52%9.66%9.80%9.95%10.10%10.24%10.40%	–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––	4.02%4.09%4.16%4.23%4.30%4.38%4.45%4.53%4.60%4.67%4.75%4.83%4.91%4.99%5.06%5.14%5.22%5.30%5.39%5.47%5.56%5.64%5.73%5.82%5.91%6.00%6.08%6.17%6.26%6.36%6.45%6.55%6.64%6.73%6.84%6.94%7.04%7.14%7.24%7.35%7.45%7.56%7.67%7.78%7.90%8.01%8.12%8.24%8.36%8.48%8.60%8.73%8.86%8.98%9.11%9.24%9.38%9.51%9.65%9.79%9.94%10.09%10.23%10.39%10.54%	1.441.431.421.411.401.391.381.371.361.351.341.331.321.311.301.291.281.271.261.251.241.231.221.211.201.191.181.171.161.151.141.131.121.111.101.091.081.071.061.051.041.031.021.011.000.990.980.970.960.950.940.930.920.910.900.890.880.870.860.850.840.830.820.810.80

Signed

Signed by authority of the Secretary of State for Social Security.

John Y. Denham — Parliamentary Under-Secretary of State, — Department of Social Security — 1998-06-04

Explanatory note

(This note is not part of the Regulations)

Footnotes

[^f00001]: 1993 c. 48; paragraph 5(3C) of Schedule 2 was inserted by section 141(2) of the Pensions Act 1995 (c. 26); section 181(1) is cited for the meaning it gives to “prescribe” and “regulations”.

[^f00002]: See section 185(1) of the Pension Schemes Act 1993, as amended by paragraph 46 of Schedule 3 and paragraph 80 of Schedule 5 to the Pensions Act 1995.

[^f00003]: 1992 c. 4.

[^f00004]: Sub-paragraphs (3A) to (3E) were inserted in paragraph 5 of Schedule 2 by section 141(2) of the Pensions Act 1995.

[^f00005]: S.I. 1996/1172; a relevant amending instrument is S.I. 1997/786.

[^f00006]: Section 55(2) was substituted by section 141(1) of the Pensions Act 1995.

[^f00007]: Section 48 was amended by paragraph 58 of Schedule 1 to the Social Security (Incapacity for Work) Act 1994 and section 140(2) and (3) of the Pensions Act 1995.

[^f00008]: 1992 c. 5. Section 148 was amended by paragraph 27 of Schedule 8 to the Pension Schemes Act 1993.

[^f00009]: Section 16(3) was amended by paragraph 28 of Schedule 5 to the Pensions Act 1995 but is saved for transitional purposes by Article 3 of the Pensions Act 1995 (Commencement No. 10) Order 1997 (S.I. 1997/664) (c.23).

[^f00010]: S.I. 1996/1172.

Tax year of birth	Tax year of effective year	Factor B1
	2010/11	2010/12
1946/47	18.15	-
1947/48	17.56	18.15
1948/49	17.20	17.56
1949/50	16.82	17.20
1950/51	16.44	16.82
1951/52	16.04	16.44
1952/53	15.64	16.04
1953/54	15.24	15.64
1954/55	14.82	15.24
1955/56	14.40	14.82
1956/57	13.97	14.40
1957/58	13.53	13.97
1958/59	13.10	13.53
1959/60	12.34	12.77
1960/61	11.60	12.02
1961/62	11.25	11.60
1962/63	10.90	11.25
1963/64	10.61	10.90
1964/65	10.33	10.61
1965/66	10.04	10.33
1966/67	9.76	10.04
1967/68	9.49	9.76
1968/69	8.99	9.26
1969/70	8.52	8.77
1970/71	8.26	8.52
1971/72	8.01	8.26
1972/73	7.76	8.01
1973/74	7.51	7.76
1974/75	7.26	7.51
1975/76	7.02	7.26
1976/77	6.86	7.02
1977/78	6.53	6.68
1978/79	6.21	6.36
1979/80	6.07	6.21
1980/81	5.93	6.07
1981/82	5.79	5.93
1982/83	5.66	5.79
1983/84	5.54	5.66
1984/85	5.41	5.54
1985/86	5.29	5.41
1986/87	5.18	5.29
1987/88	5.06	5.18
1988/89	4.95	5.06
1989/90	4.84	4.95
1990/91	4.74	4.84
1991/92	4.63	4.74
1992/93	4.53	4.63
1993/94	4.43	4.53
1994/95	4.34	4.43
1995/96	-	4.34
Tax year of birth	Tax year of effective year	Factor B1
---	---	---
	2010/11	2010/12
1946/47	12.97	-
1947/48	12.75	12.97
1948/49	12.53	12.75
1949/50	12.29	12.53
1950/51	12.05	12.29
1951/52	11.80	12.05
1952/53	11.54	11.80
1953/54	11.27	11.54
1954/55	11.00	11.27
1955/56	10.72	11.00
1956/57	10.43	10.72
1957/58	10.14	10.43
1958/59	9.84	10.14
1959/60	9.34	9.64
1960/61	8.85	9.14
1961/62	8.60	8.85
1962/63	8.36	8.60
1963/64	8.12	8.36
1964/65	7.88	8.12
1965/66	7.65	7.88
1966/67	7.42	7.65
1967/68	7.19	7.42
1968/69	6.80	7.02
1969/70	6.43	6.64
1970/71	6.22	6.43
1971/72	6.02	6.22
Tax year of birth	Tax year of effective year	Factor B1
---	---	---
	2010/11	2010/12
1946/47	12.97	-
1947/48	12.78	12.97
1948/49	12.59	12.78
1949/50	12.38	12.59
1950/51	12.17	12.29
1951/52	11.94	12.17
1952/53	11.71	11.94
1953/54	11.47	11.71
1954/55	11.21	11.47
1955/56	10.95	11.21
1956/57	10.68	10.95
1957/58	10.41	10.68
1958/59	10.13	10.41
1959/60	9.65	9.93
1960/61	9.17	9.45
1961/62	8.94	9.17
1962/63	8.71	8.94
1963/64	8.48	8.71
1964/65	8.25	8.48
1965/66	8.02	8.25
1966/67	7.80	8.02
1967/68	7.58	7.80
1968/69	7.20	7.41
1969/70	6.83	7.04
1970/71	6.62	6.83
1971/72	6.42	6.62
Tax year of birth	Tax year of effective year	Factor B1
---	---	---
	2010/11	2010/12
1946/47	17.37	-
1947/48	16.98	17.37
1948/49	16.59	16.98
1949/50	16.19	16.59
1950/51	15.78	16.19
1951/52	15.37	15.78
1952/53	14.95	15.37
1953/54	14.52	14.95
1954/55	14.09	14.52
1955/56	13.66	14.09
1956/57	13.22	13.66
1957/58	12.78	13.22
1958/59	12.34	12.78
1959/60	11.59	12.02
1960/61	10.86	11.28
1961/62	10.51	10.86
1962/63	10.16	10.51
1963/64	9.87	10.16
1964/65	9.58	9.87
1965/66	9.29	9.58
1966/67	9.01	9.29
1967/68	8.74	9.01
1968/69	8.25	8.52
1969/70	7.79	8.04
1970/71	7.54	7.79
1971/72	7.29	7.54
1972/73	7.04	7.29
1973/74	6.80	7.04
1974/75	6.56	6.80
1975/76	6.33	6.56
1976/77	6.16	6.33
1977/78	5.85	6.00
1978/79	5.55	5.69
1979/80	5.41	5.55
1979/80	5.27	5.41
Tax year of birth	Tax year of effective year	Factor B1
---	---	---
	2010/11	2010/12
1946/47	17.37	-
1947/48	16.98	17.37
1948/49	16.59	16.98
1949/50	16.19	16.59
1950/51	15.78	16.19
1951/52	15.37	15.78
1952/53	14.95	15.37
1953/54	14.52	14.95
1954/55	14.09	14.52
1955/56	13.66	14.09
1956/57	13.22	13.66
1957/58	12.78	13.22
1958/59	12.34	12.78
1959/60	11.59	12.02
1960/61	10.86	11.28
1961/62	10.51	10.86
1962/63	10.16	10.51
1963/64	9.87	10.16
1964/65	9.58	9.87
1965/66	9.29	9.58
1966/67	9.01	9.29
1967/68	8.74	9.01
1968/69	8.25	8.52
1969/70	7.79	8.04
1970/71	7.54	7.79
1971/72	7.29	7.54
1972/73	7.04	7.29
1973/74	6.80	7.04
1974/75	6.56	6.80
1975/76	6.33	6.56
1976/77	6.16	6.33
1977/78	5.85	6.00
1978/79	5.55	5.69
1979/80	5.41	5.55
1979/80	5.27	5.41
Tax Year of Birth	Tax year of effective date	Tax year of effective date
---	---	---
	2010/11 - 2011/12	2010/11 - 2011/12
1950/51	22.05	-
1951/52	19.66	19.99
1952/53	18.36	18.70
1953/54	17.10	17.45
1954/55	15.88	16.23
1955/56	14.76	15.18
1956/57	14.34	14.76
1957/58	13.91	14.34
1958/59	13.48	13.91
1959/60	12.71	13.14
1960/61	11.96	12.38
1961/62	11.60	11.96
1962/63	11.25	11.60
1963/64	10.97	11.25
1964/65	10.69	10.97
1965/66	10.41	10.69
1966/67	10.13	10.41
1967/68	9.85	10.13
1968/69	9.35	9.62
1969/70	8.86	9.12
1970/71	8.60	8.86
1971/72	8.35	8.60
1972/73	8.09	8.35
1973/74	7.84	8.09
1974/75	7.59	7.84
1975/76	7.35	7.59
1976/77	7.19	7.35
1977/78	6.85	7.00
1978/79	6.52	6.67
1979/80	6.38	6.52
1980/81	6.23	6.38
1981/82	6.09	6.23
1982/83	5.96	6.09
1983/84	5.83	5.96
1984/85	5.70	5.83
1985/86	5.57	5.70
1986/87	5.45	5.57
1987/88	5.33	5.45
1988/89	5.21	5.33
1989/90	5.10	5.21
1990/91	4.99	5.10
1991/92	4.88	4.99
1992/93	4.77	4.88
1993/94	4.66	4.77
1994/95	4.56	4.66
1995/96	-	4.56
Tax Year of Birth	Tax year of effective date	Tax year of effective date
---	---	---
	2010/11 - 2011/12	2010/11 - 2011/12
1950/51	14.66	-
1951/52	13.46	13.74
1952/53	12.72	13.00
1953/54	11.98	12.27
1954/55	11.24	11.53
1955/56	10.48	10.75
1956/57	10.21	10.48
1957/58	9.93	10.21
1958/59	9.65	9.93
1959/60	9.15	9.43
1960/61	8.66	8.94
1961/62	8.43	8.66
1962/63	8.20	8.43
1963/64	7.97	8.20
1964/65	7.75	7.97
1965/66	7.53	7.75
1966/67	7.31	7.53
1967/68	7.10	7.31
1968/69	6.72	6.93
1969/70	6.35	6.55
1970/71	6.15	6.35
1971/72	5.96	6.15
Tax Year of Birth	Tax year of effective date	Tax year of effective date
---	---	---
	2010/11 - 2011/12	2010/11 - 2011/12
1950/51	14.66	-
1951/52	13.50	13.74
1952/53	12.81	13.07
1953/54	12.12	12.39
1954/55	11.43	11.70
1955/56	10.72	10.96
1956/57	10.46	10.72
1957/58	10.20	10.46
1958/59	9.93	10.20
1959/60	9.46	9.72
1960/61	8.98	9.25
1961/62	8.77	8.98
1962/63	8.55	8.77
1963/64	8.33	8.55
1964/65	8.12	8.33
1965/66	7.91	8.12
1966/67	7.70	7.91
1967/68	7.49	7.70
1968/69	7.11	7.32
1969/70	6.75	6.95
1970/71	6.55	6.75
1971/72	6.36	6.55
Tax Year of Birth	Tax year of effective date	Tax year of effective date
---	---	---
	2010/11 - 2011/12	2010/11 - 2011/12
1950/51	21.11	-
1951/52	18.96	19.32
1952/53	17.63	18.00
1953/54	16.36	16.73
1954/55	15.13	15.50
1955/56	14.01	14.44
1956/57	13.58	14.01
1957/58	13.14	13.58
1958/59	12.70	13.14
1959/60	11.94	12.37
1960/61	11.20	11.62
1961/62	10.84	11.20
1962/63	10.49	10.84
1963/64	10.20	10.49
1964/65	9.91	10.20
1965/66	9.63	9.91
1966/67	9.35	9.63
1967/68	9.07	9.35
1968/69	8.58	8.85
1969/70	8.10	8.36
1970/71	7.85	8.10
1971/72	7.59	7.85
1972/73	7.35	7.59
1973/74	7.10	7.35
1974/75	6.86	7.10
1975/76	6.62	6.86
1976/77	6.46	6.62
1977/78	6.13	6.29
1978/79	5.82	5.97
1979/80	5.68	5.82
1980/81	5.54	5.68
Tax Year of Birth	Tax year of effective date	Tax year of effective date
---	---	---
	2010/11 - 2011/12	2010/11 - 2011/12
1950/51	21.11	-
1951/52	19.01	19.32
1952/53	17.76	18.09
1953/54	16.56	16.89
1954/55	15.39	15.73
1955/56	14.32	14.72
1956/57	13.91	14.32
1957/58	13.50	13.91
1958/59	13.07	13.50
1959/60	12.34	12.75
1960/61	11.61	12.02
1961/62	11.27	11.61
1962/63	10.93	11.27
1963/64	10.65	10.93
1964/65	10.38	10.65
1965/66	10.11	10.38
1966/67	9.83	10.11
1967/68	9.57	9.83
1968/69	9.08	9.34
1969/70	8.61	8.86
1970/71	8.36	8.61
1971/72	8.11	8.36
1972/73	7.86	8.11
1973/74	7.62	7.86
1974/75	7.38	7.62
1975/76	7.14	7.38
1976/77	6.98	7.14
1977/78	6.65	6.80
1978/79	6.34	6.48
1979/80	6.19	6.34
1980/81	6.05	6.19
Age attained in relevant tax year	Factor A	Factor B1
---	---	---
16	4.98	3.49
17	5.08	3.57
18	5.18	3.65
19	5.29	3.73
20	5.40	3.82
21	5.51	3.91
22	5.62	4.00
23	5.73	4.09
24	5.85	4.18
25	5.97	4.28
26	6.09	4.37
27	6.21	4.47
28	6.34	4.58
29	6.47	4.68
30	6.60	4.79
31	6.74	4.90
32	6.88	5.02
33	7.03	5.13
34	7.18	5.25
35	7.33	5.38
36	7.49	5.51
37	7.64	5.64
38	7.81	5.77
39	7.97	5.90
40	8.14	6.04
41	8.31	6.19
42	8.49	6.34
43	8.68	6.49
44	8.87	6.65
45	9.07	6.81
46	9.27	6.98
47	9.47	7.14
48	9.67	7.31
49	9.88	7.49
50	10.09	7.67
51	10.31	7.85
52	10.53	8.04
53	10.87	8.31
54	11.23	8.59
55	11.60	8.88
56	11.98	9.18
57	12.39	9.50
58	12.79	9.82
59	13.41	10.16
60	14.07	10.52
61	14.75	10.89
62	15.47	11.29
63	16.24	11.71
64	17.05	12.16
Age attained in relevant tax year	Factor D	Factor E1
---	---	---
16	5.36	3.58
17	5.47	3.66
18	5.58	3.74
19	5.69	3.83
20	5.81	3.91
21	5.92	4.00
22	6.04	4.09
23	6.16	4.18
24	6.28	4.27
25	6.41	4.37
26	6.54	4.47
27	6.67	4.57
28	6.80	4.67
29	6.94	4.77
30	7.08	4.88
31	7.22	4.99
32	7.37	5.10
33	7.52	5.21
34	7.67	5.33
35	7.83	5.44
36	7.99	5.57
37	8.15	5.69
38	8.32	5.82
39	8.48	5.95
40	8.65	6.08
41	8.83	6.22
42	9.01	6.36
43	9.20	6.50
44	9.39	6.64
45	9.58	6.79
46	9.77	6.95
47	9.97	7.10
48	10.17	7.27
49	10.38	7.43
50	10.60	7.60
51	10.81	7.78
52	11.03	7.96
53	11.38	8.22
54	11.74	8.49
55	12.11	8.77
56	12.49	9.06
57	12.89	9.37
58	13.30	9.69
59	13.80	10.03
60	14.33	10.38
61	14.87	10.75
62	15.44	11.15
63	16.03	11.56
64	16.65	12.01

Editorial notes

[^c1656344]: 1993 c.48; paragraph 5(3C) of Schedule 2 was inserted by section 141(2) of the Pensions Act 1995 (c.26); section 181(1) is cited for the meaning it gives to “prescribe" and “regulations".

[^c1656345]: See section 185(1) of the Pension Schemes Act 1993, as amended by paragraph 46 of Schedule 3 and paragraph 80 of Schedule 5 to the Pensions Act 1995.

[^c1656346]: 1992 c.4 .

[^c1656347]: Sub-paragraphs (3A) to (3E) were inserted in paragraph 5 of Schedule 2 by section 141(2) of the Pensions Act 1995.

[^c1656348]: S.I. 1996/1172 ; a relevant amending instrument is S.I. 1997/786.

[^c1656349]: Section 55(2) was substituted by section 141(1) of the Pensions Act 1995.

[^c1656350]: Section 48 was amended by paragraph 58 of Schedule 1 to the Social Security (Incapacity for Work) Act 1994 and section 140(2) and (3) of the Pensions Act 1995.

[^c1656351]: 1992 c.5. Section 148 was amended by paragraph 27 of Schedule 8 to the Pension Schemes Act 1993.

[^c1656352]: Section 16(3) was amended by paragraph 28 of Schedule 5 to the Pensions Act 1995 but is saved for transitional purposes by Article 3 of the Pensions Act 1995 (Commencement No. 10) Order 1997 (S.I. 1997/664) (c.23).

[^c1656353]: S.I. 1996/1172.

[^key-64463730ca374e705521e7ae6d3030e3]: Sch. 2 entries inserted (10.12.1999) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 1999 (S.I. 1999/3069), regs. 1(1), 2(2)

[^key-3fe85287891946517b9a87be887ed691]: Words in reg. 4(a) substituted (10.12.1999) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 1999 (S.I. 1999/3069) , regs. 1(1) , 2(1)(a)

[^key-9a76ec46c7e0d6b3fe6a505ddd3bc55c]: Words in reg. 4(b) substituted (10.12.1999) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 1999 (S.I. 1999/3069) , regs. 1(1) , 2(1)(b)

[^key-5a40bacf0f0f4dc3398223241adc8759]: Reg. 3(3) added (with application in accordance with reg. 1(3) of the commencing S.I.) by Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2005 (S.I. 2005/891), regs. 1(2), 2(4)

[^key-b4c2e59836b4a6d939184a9c7b1b7454]: Reg. 3(2)(b)(ia) inserted (with application in accordance with reg. 1(3) of the commencing S.I.) by Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2005 (S.I. 2005/891), regs. 1(2), 2(2)

[^key-8c388df7320df11cb3b38a73cf97e5cc]: Words in reg. 3(2)(b)(i) inserted (with application in accordance with reg. 1(3) of the commencing S.I.) by Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2005 (S.I. 2005/891), regs. 1(2), 2(3)

[^key-78954a29ab3e79a634e3030ca66a8e89]: Words in reg. 4(b) substituted (with application in accordance with reg. 1(3) of the commencing S.I.) by Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2005 (S.I. 2005/891) , regs. 1(2) , 2(5)

[^key-8384001d622504cf2ea0a8b26083312a]: Words in reg. 1(2) inserted (5.12.2005) by Occupational and Personal Pension Schemes (Civil Partnership) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3164), regs. 1(1), 5(a)(i)

[^key-ab0b825905647aa1ae41fa49b342006f]: Words in reg. 1(2) inserted (5.12.2005) by Occupational and Personal Pension Schemes (Civil Partnership) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3164) , regs. 1(1), 5(a)(ii)

[^key-f3501e73a1e0523e637736dc4356c8a2]: Words in reg. 3 inserted (5.12.2005) by Occupational and Personal Pension Schemes (Civil Partnership) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3164), regs. 1(1), 5(b)(i)

[^key-59c4929715e1ce7cbd9c55b61d80b08b]: Reg. 3(1)(g) added (5.12.2005) by Occupational and Personal Pension Schemes (Civil Partnership) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3164), regs. 1(1), 5(b)(ii)

[^key-1c860f53a8face0f4027673f1cfe342a]: Words in reg. 4 inserted (5.12.2005) by Occupational and Personal Pension Schemes (Civil Partnership) (Miscellaneous Amendments) Regulations 2005 (S.I. 2005/3164) , regs. 1(1) , 5(c)

[^key-b744a14898e9a113ba0cde6fe354206f]: Reg. 3(2)(a) substituted (with application in accordance with reg. 1(2) of the commencing S.I.) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010 (S.I. 2010/506), regs. 1(1), 2(2)

[^key-468a916cd7f5495b77f9208df4a66c9c]: Sch. 1 substituted for Sch. 1 Tables 1-4 (with application in accordance with reg. 1(2) of the commencing S.I.) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010 (S.I. 2010/506), regs. 1(1), 2(3), Schs.

[^key-56c0a7ba525acca9dbbea69d5e66e71a]: Sch. 1: Sch. 1 Table 5 renumbered as Sch. 1 Table 11 (with application in accordance with reg. 1(2) of the commencing S.I.) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010 (S.I. 2010/506), regs. 1(1), 2(4)

[^key-6303c0f1a8bdc726540cb8edbca309bb]: Sch. 1: Sch. 1 Table 6 renumbered as Sch. 1 Table 12 (with application in accordance with reg. 1(2) of the commencing S.I.) by The Occupational Pension Schemes (Contracting-out) (Amount Required for Restoring State Scheme Rights) Amendment Regulations 2010 (S.I. 2010/506), regs. 1(1), 2(4)

[^M_F_0df7ec67-c4a4-41ec-de33-e15987d32ab0]: Words in sch. 1 inserted (5.12.05) by S.I. 2005/3164, reg. 1, 5(d)

[^M_F_fa2cea93-8e65-40c6-9920-b25fce1171ce]: Words in sch. 1 inserted (5.12.05) by S.I. 2005/3164, reg. 1, 5(e)(i)

[^key-f7dab713530db21f1853677685f2adce]: Words in reg. 1(2) substituted (6.4.2012) by The Pensions Act 2008 (Abolition of Protected Rights) (Consequential Amendments) Order 2011 (S.I. 2011/1246), arts. 1(2)(a), 18

[^key-073c255f96ba24a29af7b22f36bff5eb]: Words in reg. 4 substituted (6.4.2012) by The Pensions (Institute and Faculty of Actuaries and Consultation by Employers – Amendment) Regulations 2012 (S.I. 2012/692), regs. 1(2), 8

[^key-4c9b3ce208ec6fc36de7d68a212e0b71]: Words in reg. 1(2) substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 13(2)

[^key-ee4bc0c580a8c84bf439122988b898a7]: Words in reg. 2 substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 13(3)

[^key-6bad8568e85fc0d0289ec03a92e4191c]: Words in reg. 3(3)(a) substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 13(4)

[^key-228139815a41662829d50513b4ffdf73]: Words in reg. 3(3)(b) substituted (6.4.2016) by The Pensions Act 2014 (Abolition of Contracting-out for Salary Related Pension Schemes) (Consequential Amendments and Savings) Order 2016 (S.I. 2016/200), arts. 1(2), 13(4)

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