Guidance for pensions administrators (APACs)
Recent Pension Circulars
Recent APAC letters
|APAC letter No ||Date issued ||Subject |
|APAC85 [PDF 21KB]
||CSP/APAC bilateral reviews - changing approach |
|APAC84 [PDF 22KB]
||Time limits for paying Pension Commencement Lump Sums |
Added pension forms available
Forms for nuvos members and the over 60s are now available on the forms page. Please make sure you complete the return address details before sending the forms to members.
nuvos guidance notes published
APAC nuvos guidance notes
Pensions Increase 2008
The pensions increase (PI) factor for 2008 is 3.9%, based on the increase in the Retail Prices Index for the 12 months to the end of September 2007. The pensions increase takes effect from 7 April 2008. Pensions that have been in payment for at least a year will receive the full increase, with those that have been in payment for less than a year receiving a pro rata increase.
The current Statutory Instrument and tables which are used for applying pensions increase are the Pensions Increase (Review) Order and the relevant multiplier tables.
These are produced annually by the Treasury and can be found on their website here. [External website].
WPS refunds interest rate for 2008-09 is 3.91%
The system manager must update PenServer. The factor table to update is called 'REFINT' and it can be found in the 'SCHEME factors'. The rate applies from 1 April each year.
Retail Price Index
Retail Price Index tables - June 1947 onwards [External website] [PDF 11KB]