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Taxation, work and welfare
Public service pensions
October 2011: HM Treasury has reviewed the discount rate used to calculate Cash Equivalent Transfer Values and has updated its guidance as set out below.
This guidance is to be adopted by the relevant public service pension schemes with immediate effect
Guidance Papers
- Basis for setting the discount rate for calculating cash equivalent transfer values payable by public service pension schemes (PDF 173KB)
- Non-departmental public bodies: Pension and compensation guidance notes (PDF 678KB)
- PDF file of the fair deal for staff pensions - covering letter (June 2004)
- PDF file of Fair deal for staff pensions: procurement of bulk transfer agreements and related issues (June 2004)
Public Service Pensions index page
The guidance notes above are available in Adobe Acrobat Portable Document Format (PDF).
If you do not have Adobe Acrobat installed on your computer you can download the software free of charge from the Adobe website.
For alternative ways to read PDF documents and further information on website accessibility visit the HM Treasury accessibility page.
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