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Document How is my pre-retirement figure calculated for abatement purposes if I have Protection of Pay?

When calculating your pre-retirement figure for abatement purposes we will calculate the best of the last three years actual pay for each period of membership (three years prior to your protection date and three years prior to your retirement) and whichever is the highest of these will be your pre-retirement figure.

We will then add cost of living increases from the deemed date up to the current date so the figures are in line with cost of living.

The deemed date is normally the day after the last day of the pay period. For example if the Pay period is 13/07/2013 – 12/07/2014, the deemed date will be 13/07/2014.
 
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pre-retirement, protection of pay, pop
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