GMP: Revaluation Type to SPA
Select from the drop-down list how to revalue the GMPs for members who leave active service before SPA. The options are:
- None
- Fixed
- Limited
- S148
If Fixed Rate revaluations are selected SuperVal will use the
following rates to revalue the pension (based on member’s year of exit):
| Leaving Service Date | Revaluation Rate |
|---|---|
| Post-06/04/2012 | 4.75% |
| 06/04/2007–05/04/2012 | 4.00% |
| 06/04/2002–05/04/2007 | 4.50% |
| 06/04/1997–05/04/2002 | 6.25% |
| 06/04/1993–05/04/1997 | 7.00% |
| 06/04/1988–05/04/1993 | 7.50% |
| Pre-06/04/1988 | 8.50% |
If Limited is selected, then please note LRPs will not be calculated.
This option is intended to give the user an indication of the difference
between Fixed and Limited revaluations.
If S148 increases are selected then enter the appropriate rate of
increase in the field Section 148 orders.