Friday, 9 October 2015

Revised commutation factors


The following message has been received by Durham NARPO from David Devine of Pay & Pensions

“Durham Pay and Pensions branch have received the official spreadsheet that is to be used for calculating revised lump sums and interest payments
This is currently being completed and once complete will  be returned to GAD for checking
Before any payment can be made all affected pensioners will be required to complete a disclaimer in respect of claims in respect of the revised factors. The Home Office have, on 28/8/2015, advised that no disclaimer should be issued until they have provided advice on its content. To date (8/10/2015) this advice has not been received
As the payment cannot be made until the disclaimers are signed off by the individual pensioners no date has yet been set for making the payment.”

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