{
  "url": "https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-3/paragraph-2",
  "json_url": "https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-3/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/3/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Mortality",
  "text": "(1) The mortality tables that must be used in deferment and after retirement in respect of a member and the member’s dependants are set out in the following table—\nAmount of pension\nin 2012 terms\nBase table\nmprovements\nMale members\nLess than £4,802 pa\n120% S1PMA\n100% Medium/Long cohort 2.0% tapered floor from 2009\nMale members\n£4,802 - £7,995 pa\n114% S1PMA\n100% Medium/Long cohort 2.0% tapered floor from 2009\nMale members\n£7,995 - £15,280 pa\n99% S1PMA\n100% Medium/Long cohort 2.0% tapered floor from 2009\nMale members\nOver £15,280 pa\n89% S1PMA_L\n100% Medium/Long cohort 2.0% tapered floor from 2009\nMale dependants\nAll pension amounts\n101% S1PMA\n100% Medium/Long cohort 2.0% tapered floor from 2009\nFemale members\nAll pension amounts\n96% S1DFA\n75% Medium/Long cohort 2.0% tapered floor from 2009\nFemale dependants\nAll pension amounts\n106% S1DFA\n75% Medium/Long cohort 2.0% tapered floor from 2009\n(2) The amount of pension used to determine the base mortality tables for male RMPP members must be determined based on the following—\n(a) for pensioners, the amount of pension in payment;\n(b) for deferred pensions, the amount of the member’s deferred pension at the valuation date; and\n(c) for active members, the amount of the member’s projected pension at retirement, estimated in 2012 terms.\n(3) The mortality tables are those produced by the Institute and Faculty of Actuaries Continuous Mortality Investigation with a year of use of 2012 after allowing for the mortality improvements specified under (4) and (5). S1PMA represents the SAPS series 1 table for all male pensioners excluding dependants, based on amounts. S1PMA_L represents the equivalent light table. S1DFA represents the SAPS series 1 table for female dependants, based on amounts.\n(4) All the base tables used must also include an allowance for medium cohort improvements with a 1.5% per annum minimum rate of improvement (floor) from the date of the tables up to 2009.\n(5) Medium/Long cohort represents a blend of 50% medium cohort improvements and 50% long cohort improvements from 2009 onwards.\n(6) Future ill-health retirees shall be assumed to be subject to the above mortality on the basis that the members were born 3 years earlier than their actual date of birth; no adjustment is to be made to the standard mortality assumption for pensioners who have already retired on ill health grounds.\n(7) Future death in-service rates must be assumed to follow the rates applicable to calendar year 2003 based on the standard PMA92 (males) and PFA92 (females) tables, as appropriate, in each case with the medium cohort mortality improvement rates.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Sch. 3 para. 2 not in force at made date, see art. 1(2)"
    },
    {
      "type": "I",
      "label": "I2",
      "text": "Sch. 3 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/3/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."
}