{
  "url": "https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-1/paragraph-2.json",
  "legislation": "uksi/2012/688",
  "legislation_title": "The Postal Services Act 2011 (Transfer of Assets) Order 2012",
  "legislation_url": "https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Basis for calculating the liabilities of the RMPP",
  "text": "The liabilities of the RMPP must be determined—\n(a) using the standard actuarial method known as the projected accrued benefit method;\n(b) on the basis of the financial assumptions in Schedule 2;\n(c) on the basis of the demographic assumptions in Schedule 3;\n(d) by reference to the applicable trust deed and rules governing the RMPP and membership as provided for in paragraph 11;\n(e) without reference to any liabilities in respect of money purchase benefits; and\n(f) including provision for members’ contractual added years purchased by the payment of additional voluntary contributions.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 1 para. 2 not in force at made date, see art. 1(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 1 para. 2 in force at 1.4.2012 by S.I. 2012/966, arts. 2, 3(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2012/688/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-29T01:38:15.441656+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}