The Eighth Edition of the Ogden Tables has just been published. Employment practitioners are assisted by the Tables to calculate pension losses for Claimants. The Tables provide a set of actuarial tables and explanatory notes to assist Courts and Tribunals in determining the appropriate multipliers for use in assessing lump sum awards.
This latest edition considers mortality information from 2018 (as opposed to 2008 used in the last 2011 edition). Section C of the new Tables provides guidance to the application of the tables to pension loss claims together with two examples as to how to calculate pension loss. Please note that the Employment Tribunal Principles for Compensating Pension Loss published in August 2017 has relied upon the 2011 Edition.