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DB PIP CPI

arongunninghamarongunningham Member
in Technical stuff

The USS scheme rules , as per legislation, state that when calculating the 'opening value' for a DB:

The opening value – That figure is then revalued to the end of the PIP being assessed, to account for inflation, based upon the increase in the Consumer Prices Index over the year to September immediately prior to the PIP. Sometimes it is necessary to adjust the opening value, for example to allow for a divorce settlement or transfer.

for the 2017/2018 PIP, should they be using September 2016's CPI?

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Comments

  • arongunninghamarongunningham Member

    nevermind - it's calculated in a much easier way for the USS

    Salary Threshold / 75 x 19 + DC contributions

    Begs the question why their literature is setup the old-fashioned way.

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