Pension

Question 1

PPF

Answer 1

Post 88 GMP level
Pre 97 non GMP level
Post 97 to 05 and 05+ CPI capped at 2.5%
Lost of PCLS
90% of benefits payable.
50% of 90% spouses pension.

Question 2

DB pension

Answer 2

Post 88 GMP at 3%
Pre 97 non GMP level
Post 97 to 05 CPI capped at 5% and 05+ capped at 2.5%.

Question 3

Fund going in PPF

Answer 3

Employer suffering from an insolvency event and pension scheme unable to provide benefits to the level of the PPF.