| Account # 02 ~ A.D.O. FSV~FMG |
| Calculation #1 |
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A.D.O. FSV~FMG who held his final Rank for 10.32 years (abnormal~due to family medical circumstances) was compulsory discharged at 23:59hrs on the 22nd July 1998 after 35.78 years (285 days) of pensionable Service which under Rule A 7 calculates as 36 years Pensionable service . His remuneration should have been as an Assistant Divisional Officer; Third year in the Rank(Top Rate). His Average Pensionable Pay(APP) was taken as 1997 over the ‘last best 3’ preceding year calculations (NJC ‘Greybook’ Condition of Service) which did not include any acting Ranks (none), or any supplementary income (none), whether pensionable or not. The A.D.O. FSV~FMG remuneration consisted of: • Pensionable Base Pay; • Pensionable Flexible Duty Supplement (FDS) • Pensionable Long Service Bounty after 15 years Service; • A total of 35.78 years Pensionable Service attracting an enhancement of 7/60th for compulsory discharge under Rule B3; all rounded up to 36.0 years under Rule A7. Translating in pension 60ths to, 20/60ths + 16 X2 (32/60ths) + 7/60ths. A Total of 59/60ths (The formula and the Pension Scheme permits this). When calculating disabled FSV~FMG’s Rule B3 ill-health pension all these pensionable elements are clearly identifiable in the scientific mathematical actuarial formula. The 1997 point on the NJC Pay Scale consisted of: Base Pay: £26,601.00. + FDS @ 20%: £5,320.20. + Pensionable Long Service Bounty: £829.00. The Total Pension pay including immediate Index Link (presumed implemented?) £32,750.20. The LCFAuthority miscalculated (underpaid) his APP to the value of £32,465.27. Annual Deficit: £284.93. Statutory Compound Interest @ 8% for 23 years: £1,498.22. Principal X 23 years: £6,553.39. ————————————◊———————————— The LCFAuthority paid an unlawful Rule B1 pension purporting to be a Rule B3 & B4 £21,643.51. After the 1997 Index Link the Pension to be paid for the remaining 23 years was £32,750.20. Annual Deficit for 23 years (RPI/Index Link gain excluded) £11,106.69. Statutory Compound Interest @ 8% for 23 years £56,364.48. The Principal for 23 years: £255,453.87. The Running Total Deficit £311,818.35.
Late Payment of Commercial Debt (Interest Rate) Act 1998. Go Here. Current Base Rate revised ever 6 months +(plus) 8% compound Interest. + Plus Costs £XXXXX.XX.? N.B. By paying an unlawful Rule B1 Ordinary Pension, instead of a Rule B3 ill-health Pension & Rule B4, all the other emoluments calculated from this Rule B1 Ordinary pension, e.g, B4 Pension; Gratuities; Commutation etc, are also wrong. |
| Calculation #2 |
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The following Compensation Calculation is based on the correct APP and… “what you would have earned“…but based on the assumption that disabled FSV~FMG remained uninjured in the same Rank until the completion of his 40 years Service: 7 X 32750.20 + 32750.20 X 20 + 2 X 32750.20 X 20 = £45,799.49. 60 60 60 After (assumed ?) P.I. & Index linking the correct pension put in payment on 23rd April 1998 was £45,799.49. The actual amount paid was: £21,643.51. Annual Deficit was: £24,155.98. Statutory Compound Interest (Late Debts Act 1998) 8%pa @ 23 years: £122,587.32. The Principal for 23 years: £343,333.65. Total Over Due: £555,587.54. + Plus Costs £XXXXXX.XX.? |
| Calculation #3 |
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The following Compensation Calculation is based on… “what you would have earned“…including the probability that disabled FSV~FMG would have received futher advancement in Rank (had he not been injured) during the 4 years remaining until the completion of his 40 years Service. which at 1st year in the Rank includes; FDS; Long Service; all pensionable: £35,044.00. 7 X 35044 + 35044 X 20 + 2 X 35044 X 20 = £39,132.47 (67/60ths). 60 60 60
Annual Deficit was £15,687.22. Statutory Compound Interest 8%pa: £79,609.86. The Principal for 24 years: £360,805.98. Total Over Due: £440,415.84. + Plus Costs £XXXXXX.XX.? N.B. |