# The Postal Services Act 2011 (Transfer of Assets) Order 2012, Paragraph 1: Definitions

Extent: E+W+S+N.I.

In this Schedule—
“C” means the Cut-Off Date (31 March 2012);
“E” means the Effective Date (31 March 2012);
“F” means the Final Transfer Date;
“Interim Calculation Date 1” or “I1” means 30 September 2011;
“Interim Calculation Date 2” or “I2” means 31 January 2012;
“Interim Calculation Date 3” or “I3” means 31 March 2011;
“Market Value Adjustment 1” or “MVA1” has the meaning given in paragraphs 5 and 6;
“Market Value Adjustment 2” or “MVA2” has the meaning given in paragraphs 5 and 7;
“RMPP Cut-Off Date Rules” has the meaning given in Schedule 1 of the Benefits Order;
“RMPP Ax” means the audited value of the assets of the RMPP (determined in accordance with paragraphs 3 and 4) as at a particular date X (being a date before the Interim Transfer is made);
“RMPP A′x” means the estimated value of the assets of the RMPP (determined in accordance with paragraphs 3 and 4) as at a particular date X (being a date before the Interim Transfer is made);
“RMPP LSAM” means the liabilities of the RMPP (determined in accordance with paragraph (2)) where—
“S” represents the date up to and including which members’ service is measured for the calculation;
“A” represents the date as at which the financial assumptions are to be determined for the purpose of the calculation;
“M” represents the date of the membership (but not service) and salary data to be used in the liability calculation;
“RMPP FLXY” means the funding level of the RMPP, which is calculated as—
RMPP AXRMPP LYXX
(where Y, X, and X have the role of S, A and M respectively by reference to the definition of RMPP LSAM);
“RMPP FL′XYZA” means the estimated funding level of the RMPP, which is calculated as—
RMPP A′XRMPP LYZA × MVA1
(where Y, Z and A have the role of S, A and M respectively by reference to the definition of RMPP LSAM);

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Source: https://www.legislation.gov.uk/uksi/2012/688/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.