# The Postal Services Act 2011 (Transfer of Assets) Order 2012, Paragraph 2: Mortality

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

(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—
Amount of pension
in 2012 terms
Base table
mprovements
Male members
Less than £4,802 pa
120% S1PMA
100% Medium/Long cohort 2.0% tapered floor from 2009
Male members
£4,802 - £7,995 pa
114% S1PMA
100% Medium/Long cohort 2.0% tapered floor from 2009
Male members
£7,995 - £15,280 pa
99% S1PMA
100% Medium/Long cohort 2.0% tapered floor from 2009
Male members
Over £15,280 pa
89% S1PMA_L
100% Medium/Long cohort 2.0% tapered floor from 2009
Male dependants
All pension amounts
101% S1PMA
100% Medium/Long cohort 2.0% tapered floor from 2009
Female members
All pension amounts
96% S1DFA
75% Medium/Long cohort 2.0% tapered floor from 2009
Female dependants
All pension amounts
106% S1DFA
75% Medium/Long cohort 2.0% tapered floor from 2009
(2) The amount of pension used to determine the base mortality tables for male RMPP members must be determined based on the following—
(a) for pensioners, the amount of pension in payment;
(b) for deferred pensions, the amount of the member’s deferred pension at the valuation date; and
(c) for active members, the amount of the member’s projected pension at retirement, estimated in 2012 terms.
(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.
(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.
(5) Medium/Long cohort represents a blend of 50% medium cohort improvements and 50% long cohort improvements from 2009 onwards.
(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.
(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.

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Source: https://www.legislation.gov.uk/uksi/2012/688/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/postal-services-act-2011-transfer-of-assets-order-2012/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.