The following are input parameters which will be stored on the member values table and will be referenced in the benefit rules coded.
Classification Value |
Formula Applied To |
Description |
|
||
DEF LUMP SUM |
MEMBER CHOICE |
Have the Trustees decided to pay a death in deferment lump sum. Result=1 or 0. |
|||
RET LUMP SUM |
MEMBER CHOICE |
Pension Commencement Lump Sum selected by the member |
|||
PAYMNTPRE75 |
MEMBER CHOICE |
Will trivial commutation lump sum be paid before member's 75 birthday? Result=1 or 0. |
|||
ISLESSONEYR |
MEMBER CHOICE |
Has evidence been received that the Member is expected to live for less than one year? Result=1 or 0. |
|||
ISDEPCONSENT |
MEMBER CHOICE |
Has the Spouse or Dependant given consent to trivial commutation of benefits? Result=1 or 0. |
|||
ISFUNDSPOUSE |
MEMBER CHOICE |
Does the Member have a Fund Spouse? Result=1 or 0. |
|||
ISDEP |
MEMBER CHOICE |
Does the Member have a Dependant? Result=1 or 0. |
|||
ISCHILD |
MEMBER CHOICE |
Does the Member have a Dependant? Result=1 or 0. |
|||
SPPROP |
MEMBER CHOICE |
Fund Spouse proportion as decided by the Trustees. Result= A percentage as decided by Trustees. |
|||
DEPPROP |
MEMBER CHOICE |
Each Dependant's proportion as decided by the Trustees. Result= A percentage as decided by Trustees for each dependant. So multiple entries may be required. |
|||
CHPROP |
MEMBER CHOICE |
Each Child's proportion as decided by the Trustees. Result= A percentage as decided by Trustees for each child. So multiple entries may be required. |
|||
SPLSDISCHOSEN |
MEMBER CHOICE |
Lump sum offered by the Trustees to the Spouse. Result= An amount in sterling. |
|||
DEPLSDISCHOSEN |
MEMBER CHOICE |
Lump sum offered by the Trustees to each Dependant. Result= An amount in sterling for each dependant - multiple entries required. |
|||
CHLSDISCHOSEN |
MEMBER CHOICE |
Lump sum offered by the Trustees to each Child. Result= An amount in sterling for each child - multiple entries required. |
|||
ISSXLS |
MEMBER CHOICE |
Has the Bank decided to apply the Employer Senior Executive Top UP and Cash Allowance Contributions to provide for a lump sum? Result=1 or 0. |
|||
WASDEFRED |
MEMBER CHOICE |
Did the Member become deferred through redundancy within the last 2 years. Result=1 or 0. |
|||
ISREDPOLICY |
MEMBER CHOICE |
Does the member meet all of the relevant terms and conditions as per section 6.11 of the redundancy policy. Result=1 or 0. |
|||
ISPREADAY |
MEMBER CHOICE |
Did the member retire before 6 April 2006. Result=1 or 0. |
|||
ISINCAP |
MEMBER CHOICE |
Did the member retire due to incapacity. Result=1 or 0. |
|||
ISPROTDISLS |
MEMBER CHOICE |
Has the member opted to protect their death benefit lump sum? Result=1 or 0. |
|||
ISWITHIN2YRS |
MEMBER CHOICE |
Is lump sum payment within 2 years of date of death. Result=1 or 0. |
|||
ISTVIN |
MEMBER CHOICE |
Has the member received a transfer in. Result=1 or 0. |
|||
ISLEAVEPOSTNPD |
MEMBER CHOICE |
Is the member opt out or leaving after NPD or attained age 75. Result=1 or 0. |
|||
ISPREVBCE |
MEMBER CHOICE |
Has the member had a previous BCE in the current scheme. Result=1 or 0. |
|||
DEP% |
MEMBER CHOICE |
Total proportion of members pension payable to Dependants on Member's death. Result= A percentage as decided by Trustees. |
|||
ISMARUN40 |
MEMBER CHOICE |
Did the Member get married/enter a civil partnership after their date of retirement and is the surviving Spouse/Civil Partner under the age of 40 at DOD? Result=1 or 0. |
|||