Consultation outcome

Proposed assumptions for contracted-out rebates for 2012 to 2017

This consultation has concluded

Download the full outcome

Detail of outcome

The final oucome has been published in the “Review of rebates and reduced rates of National Insurance contributions for members of defined benefit contracted-out pension schemes”.

Original consultation

This consultation ran from to


Consultation on defined benefit rebates for 2012 to 2017, examining 3 approaches.


Consultation description

The Government Actuary’s Department is pleased to publish a consultation document on the proposed assumptions to inform my advice on the calculation of contracted-out rebates for the period 2012 to 2017.

The abolition of contracting-out on a defined contribution basis means that the focus of this consultation is on the defined benefit rebate.

We are consulting on the actuarial assumptions which might be used on 3 alternative approaches: * a ‘best estimate’ basis, * a ‘typical funding’ basis, and * a ‘gilts’ basis.