Early Retirement Reduction Factor Tables for Pre-1988/Post-1988 GMP
Select from the drop-down list which set of Early Retirement Reduction Factors to use for the Pre-1988 GMP or the Post-1988 GMP. The options are:
- ERF1
- ERF2
- Use Barber Start and End Dates
If Use Barber Start and End Dates
is selected, the user will be
required to enter these dates on the Legislation tab. In addition, the
user will be required to enter the Start
Date for the GMP benefit and the Finish
Date for the GMP benefit. For males,
SuperVal will apply ERF2 between Barber Start Date and Barber End Date
and ERF1 for all other periods of service. For females, SuperVal will
apply ERF2 for service prior to the Barber End Date and ERF1 for service
after this date.