# The Postal Services Act 2011 (Transfer of Assets) Order 2012, Paragraph 2: Basis for calculating the liabilities of the RMPP

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

The liabilities of the RMPP must be determined—
(a) using the standard actuarial method known as the projected accrued benefit method;
(b) on the basis of the financial assumptions in Schedule 2;
(c) on the basis of the demographic assumptions in Schedule 3;
(d) by reference to the applicable trust deed and rules governing the RMPP and membership as provided for in paragraph 11;
(e) without reference to any liabilities in respect of money purchase benefits; and
(f) including provision for members’ contractual added years purchased by the payment of additional voluntary contributions.

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Source: https://www.legislation.gov.uk/uksi/2012/688/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.