Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4) (Cth)

Case

Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4)

I, PHILIP MAXWELL RUDDOCK, Attorney-General, make this instrument under regulations 38 and 43A of the Family Law (Superannuation) Regulations 2001.

Dated 18 May 2005

PHILIP RUDDOCK

Attorney-General


  1. Name of instrument

This instrument is the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Amendment Approval 2005 (No. 4).

  1. Commencement

This instrument commences on the day after it is registered.

  1. Amendment of Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003

Schedule 1 amends the Family Law (Superannuation) (Methods and Factors for Valuing Particular Superannuation Interests) Approval 2003.


Schedule 1        Amendments

(section 3)

[1]           Schedule 1, Division 2.2, clause 2, table, after item 3

insert

4 An interest that a person has in the PSS Scheme if the person is entitled to an associate preserved benefit under Division 3 of Part 16 of the Rules.

where:

FLS is the amount calculated under paragraph 16.3.1 (a) of the Rules that would be payable as a lump sum at the relevant date.

UFLS is the amount calculated under paragraph 16.3.1 (b) of the Rules that would be payable as a lump sum at the relevant date.


[2]           Schedule 1, Division 2.4, Table 6

substitute

Table 6  Valuation factors — pensioners in payment

Age Pensioner

Associate Standard Pensioner and Associate Preserved Pensioner

Invalid Pensioner

Spouse Pensioner

67% reversion

85% reversion

Normal

Invalidity

Age

Males

Females

Males

Females

Males

Females

Males

Females

Males

Females

Males

Females

18 24.2296 24.3397 24.3317 24.3857 23.8584 24.1726 23.4539 23.8529 23.9659 24.0867 23.3565 24.0056
19 24.1558 24.2685 24.2614 24.3161 23.7720 24.0955 23.3562 23.7639 23.8844 24.0058 23.2549 23.9229
20 24.0798 24.1945 24.1889 24.2438 23.6834 24.0154 23.2567 23.6719 23.8009 23.9220 23.1521 23.8369
21 24.0013 24.1174 24.1138 24.1684 23.5921 23.9318 23.1536 23.5762 23.7142 23.8349 23.0467 23.7472
22 23.9198 24.0370 24.0359 24.0898 23.4974 23.8447 23.0468 23.4759 23.6243 23.7437 22.9379 23.6534
23 23.8350 23.9531 23.9549 24.0079 23.3991 23.7538 22.9356 23.3710 23.5307 23.6484 22.8248 23.5554
24 23.7468 23.8656 23.8706 23.9225 23.2968 23.6590 22.8201 23.2613 23.4334 23.5488 22.7069 23.4535
25 23.6550 23.7747 23.7828 23.8336 23.1901 23.5604 22.6999 23.1469 23.3321 23.4450 22.5840 23.3472
26 23.5592 23.6800 23.6913 23.7411 23.0790 23.4577 22.5751 23.0279 23.2269 23.3370 22.4558 23.2364
27 23.4596 23.5813 23.5961 23.6447 22.9635 23.3507 22.4451 22.9040 23.1172 23.2246 22.3224 23.1211
28 23.3560 23.4785 23.4970 23.5443 22.8432 23.2391 22.3098 22.7754 23.0032 23.1078 22.1837 23.0010
29 23.2482 23.3717 23.3940 23.4399 22.7182 23.1234 22.1687 22.6421 22.8842 22.9866 22.0394 22.8763
30 23.1360 23.2606 23.2867 23.3314 22.5881 23.0031 22.0215 22.5039 22.7602 22.8608 21.8895 22.7469
31 23.0193 23.1453 23.1751 23.2187 22.4527 22.8782 21.8680 22.3605 22.6309 22.7302 21.7336 22.6128
32 22.8979 23.0255 23.0590 23.1017 22.3121 22.7488 21.7080 22.2120 22.4962 22.5948 21.5715 22.4737
33 22.7716 22.9012 22.9382 22.9800 22.1657 22.6144 21.5415 22.0582 22.3560 22.4543 21.4029 22.3294
34 22.6401 22.7721 22.8124 22.8538 22.0134 22.4750 21.3683 21.8985 22.2100 22.3084 21.2275 22.1799
35 22.5033 22.6379 22.6816 22.7225 21.8551 22.3302 21.1884 21.7328 22.0584 22.1568 21.0450 22.0249
36 22.3610 22.4986 22.5455 22.5862 21.6903 22.1800 21.0015 21.5611 21.9007 21.9996 20.8552 21.8642
37 22.2130 22.3540 22.4038 22.4447 21.5189 22.0242 20.8076 21.3831 21.7370 21.8365 20.6579 21.6976
38 22.0590 22.2038 22.2565 22.2977 21.3408 21.8625 20.6064 21.1986 21.5670 21.6672 20.4528 21.5249
39 21.8990 22.0478 22.1033 22.1449 21.1558 21.6947 20.3976 21.0074 21.3904 21.4916 20.2397 21.3459
40 21.7326 21.8860 21.9441 21.9864 20.9635 21.5207 20.1813 20.8096 21.2073 21.3097 20.0187 21.1605
41 21.5331 21.6954 21.7446 21.7930 20.7637 21.3404 19.9572 20.6049 20.9819 21.0902 19.7892 20.9686
42 21.3251 21.4969 21.5364 21.5914 20.5564 21.1534 19.7252 20.3932 20.7472 20.8621 19.5514 20.7699
43 21.1082 21.2902 21.3191 21.3812 20.3413 20.9595 19.4850 20.1745 20.5028 20.6251 19.3052 20.5641
44 20.8822 21.0753 21.0923 21.1624 20.1183 20.7587 19.2361 19.9480 20.2483 20.3786 19.0507 20.3513
45 20.6466 20.8520 20.8556 20.9348 19.8869 20.5509 18.9786 19.7136 19.9834 20.1224 18.7875 20.1315
46 20.4013 20.6200 20.6088 20.6981 19.6471 20.3359 18.7126 19.4712 19.7082 19.8563 18.5160 19.9046
47 20.1459 20.3791 20.3514 20.4521 19.3986 20.1136 18.4377 19.2207 19.4221 19.5801 18.2360 19.6706
48 19.8801 20.1294 20.0833 20.1969 19.1412 19.8840 18.1539 18.9622 19.1250 19.2938 17.9473 19.4296
49 19.6037 19.8706 19.8042 19.9320 18.8749 19.6471 17.8609 18.6958 18.8167 18.9975 17.6502 19.1815
50 19.3164 19.6026 19.5136 19.6576 18.5993 19.4025 17.5586 18.4216 18.4967 18.6912 17.3449 18.9262
51 18.9438 19.3251 19.1169 19.3732 18.3144 19.1503 17.2471 18.1396 18.0685 18.3749 17.0313 18.6639
52 18.5550 19.0383 18.7021 19.0790 18.0200 18.8903 16.9265 17.8497 17.6229 18.0485 16.7098 18.3946
53 18.1495 18.7420 18.2688 18.7749 17.7158 18.6227 16.5967 17.5519 17.1598 17.7120 16.3805 18.1182
54 17.7267 18.4361 17.8162 18.4606 17.4014 18.3471 16.2580 17.2466 16.6791 17.3659 16.0434 17.8343
55 17.2862 18.1205 17.3438 18.1362 17.0765 18.0635 15.9109 16.9337 16.1813 17.0099 15.6994 17.5429
56 16.9571 17.8302 17.0165 17.8463 16.7410 17.7718 15.5552 16.6132 15.8327 16.6910 15.3493 17.2436
57 16.6173 17.5316 16.6786 17.5480 16.3947 17.4718 15.1915 16.2850 15.4762 16.3645 14.9937 16.9363
58 16.2670 17.2246 16.3300 17.2414 16.0378 17.1635 14.8200 15.9491 15.1118 16.0301 14.6338 16.6208
59 15.9069 16.9084 15.9717 16.9256 15.6711 16.8461 14.4427 15.6051 14.7412 15.6876 14.2678 16.2970
60 15.5373 16.5827 15.6039 16.6003 15.2950 16.5191 14.0603 15.2526 14.3653 15.3366 13.8961 15.9645
61 15.1586 16.2476 15.2270 16.2655 14.9098 16.1826 13.6735 14.8918 13.9847 14.9772 13.5187 15.6234
62 14.7710 15.9031 14.8412 15.9213 14.5158 15.8368 13.2832 14.5228 13.6001 14.6096 13.1356 15.2739
63 14.3749 15.5494 14.4468 15.5680 14.1134 15.4819 12.8902 14.1460 13.2124 14.2340 12.7467 14.9159
64 13.9714 15.1868 14.0449 15.2057 13.7040 15.1181 12.4951 13.7619 12.8220 13.8512 12.3556 14.5496
65 13.5610 14.8155 13.6361 14.8347 13.2879 14.7456 12.0984 13.3708 12.4295 13.4612 11.9629 14.1750
66 13.1440 14.4355 13.2206 14.4550 12.8654 14.3646 11.7009 12.9731 12.0357 13.0645 11.5689 13.7919
67 12.7205 14.0470 12.7985 14.0668 12.4369 13.9750 11.3032 12.5691 11.6410 12.6614 11.1738 13.4003
68 12.2907 13.6502 12.3701 13.6702 12.0023 13.5772 10.9059 12.1592 11.2460 12.2523 10.7775 12.9996
69 11.8567 13.2448 11.9372 13.2651 11.5640 13.1709 10.5079 11.7421 10.8498 11.8359 10.3831 12.5923
70 11.4189 12.8314 11.5004 12.8520 11.1225 12.7567 10.1097 11.3186 10.4527 11.4130 9.9917 12.1788
71 10.9780 12.4104 11.0604 12.4312 10.6784 12.3349 9.7112 10.8891 10.0547 10.9840 9.6039 11.7595
72 10.5346 11.9823 10.6177 12.0032 10.2323 11.9061 9.3126 10.4542 9.6559 10.5494 9.2210 11.3354
73 10.0890 11.5479 10.1727 11.5690 9.7846 11.4712 8.9136 10.0146 9.2561 10.1101 8.8439 10.9073
74 9.6416 11.1064 9.7257 11.1276 9.3358 11.0291 8.5146 9.5739 8.8558 9.6695 8.4657 10.4746
75 9.1936 10.6579 9.2780 10.6793 8.8869 10.5802 8.1165 9.1339 8.4557 9.2294 8.0869 10.0380
76 8.7471 10.2027 8.8315 10.2242 8.4403 10.1247 7.7208 8.6965 8.0573 8.7916 7.7088 9.5985
77 8.3048 9.7411 8.3890 9.7626 7.9987 9.6628 7.3298 8.2640 7.6630 8.3586 7.3330 9.1570
78 7.8691 9.2727 7.9529 9.2943 7.5646 9.1942 6.9454 7.8390 7.2744 7.9329 6.9608 8.7147
79 7.4422 8.8064 7.5252 8.8281 7.1402 8.7278 6.5713 7.4220 6.8952 7.5149 6.5976 8.2757
80 7.0256 8.3442 7.1077 8.3658 6.7271 8.2657 6.2091 7.0145 6.5271 7.1064 6.2447 7.8421
81 6.6209 7.8879 6.7018 7.9094 6.3267 7.8096 5.8602 6.6170 6.1714 6.7075 5.9029 7.4162
82 6.2288 7.4378 6.3083 7.4592 5.9399 7.3599 5.5260 6.2289 5.8296 6.3180 5.5724 6.9999
83 5.8499 6.9958 5.9277 7.0171 5.5670 6.9185 5.2073 5.8506 5.5026 5.9382 5.2534 6.5954
84 5.4894 6.5643 5.5653 6.5854 5.2133 6.4878 4.9067 5.4860 5.1930 5.5719 4.9515 6.2052
85 5.1474 6.1448 5.2212 6.1656 4.8790 6.0692 4.6242 5.1367 4.9009 5.2208 4.6666 5.8306
86 4.8236 5.7390 4.8951 5.7595 4.5633 5.6644 4.3598 4.8052 4.6264 4.8873 4.3983 5.4727
87 4.5171 5.3426 4.5863 5.3628 4.2655 5.2692 4.1132 4.4942 4.3694 4.5743 4.1455 5.1323
88 4.2265 4.9542 4.2932 4.9741 3.9840 4.8820 3.8845 4.2073 4.1299 4.2851 3.9069 4.8106
89 3.9516 4.5848 4.0158 4.6042 3.7185 4.5140 3.6636 3.9414 3.8982 4.0168 3.6825 4.5032
90 3.6923 4.2353 3.7538 4.2544 3.4688 4.1661 3.4482 3.6963 3.6723 3.7692 3.4728 4.2104
91 3.4482 3.9066 3.5070 3.9252 3.2344 3.8392 3.2344 3.4709 3.4482 3.5412 3.2781 3.9319
92 3.2193 3.5995 3.2754 3.6175 3.0155 3.5340 3.0155 3.2623 3.2193 3.3298 3.0997 3.6678
93 3.0059 3.3154 3.0591 3.3328 2.8120 3.2521 2.8120 3.0648 3.0059 3.1296 2.9400 3.4178
94 2.8064 3.0474 2.8569 3.0641 2.6226 2.9866 2.6226 2.8741 2.8064 2.9358 2.7903 3.1805
95 2.6204 2.7942 2.6682 2.8101 2.4468 2.7363 2.4468 2.6840 2.6204 2.7423 2.6498 2.9547

[3]           Schedule 1, Division 3.1, clause 2

omit

a retirement pension.

insert

retirement pay.

[4]           Schedule 1, Division 3.3, clause 4, table, item 1, column 2, paragraphs (a) and (c)

omit

invalidity benefits

insert

invalidity pay

[5]           Schedule 1, Division 3.3, clause 4, table, item 1, column 3, definition of NIP

substitute

NIP is the person’s:

   (a)  annual non-indexed retirement pay (being the portion of the person’s retirement pay that is not indexed under Part XA of the DFRDB Act), disregarding any suspension under section 61C of the DFRDB Act, at the relevant date; or

   (b)  annual non-indexed invalidity pay (being the portion of the person’s invalidity pay that is not indexed under Part XA of the DFRDB Act), disregarding any suspension under section 61D of the DFRDB Act, at the relevant date.

[6]           Schedule 1, Division 3.4, Tables 7A and 7B

substitute

Table 7A        Pension valuation factors — males

Retirement Pay

Invalidity Pay1

Spouse Pension

Age

Indexed Single
Life
(IPF)

Non-indexed
Single Life
(NIPF)

Indexed
Reversion
(IRF)

Non-indexed
Reversion
(NIRF)

Indexed
Single Life
(IPF)

Indexed
Reversion
(IRF)

Indexed
Pension
(IPF)

Non-indexed
Pension
(NIPF)

20 or less 23.2078 15.3059 0.8380 0.2625 20.0597 2.6189 23.2078 15.3059
21 23.1034 15.2755 0.8666 0.2751 19.9624 2.6388 23.1034 15.2755
22 23.0024 15.2484 0.8917 0.2856 19.8607 2.6598 23.0024 15.2484
23 22.9036 15.2237 0.9141 0.2941 19.7543 2.6819 22.9036 15.2237
24 22.8040 15.1998 0.9353 0.3018 19.6430 2.7052 22.8040 15.1998
25 22.7007 15.1746 0.9572 0.3097 19.5266 2.7298 22.7007 15.1746
26 22.5923 15.1472 0.9804 0.3184 19.4049 2.7557 22.5923 15.1472
27 22.4781 15.1171 1.0053 0.3282 19.2776 2.7830 22.4781 15.1171
28 22.3572 15.0838 1.0322 0.3392 19.1444 2.8117 22.3572 15.0838
29 22.2295 15.0471 1.0614 0.3518 19.0052 2.8420 22.2295 15.0471
30 22.0947 15.0067 1.0928 0.3658 18.8596 2.8740 22.0947 15.0067
31 21.9530 14.9627 1.1261 0.3812 18.7073 2.9076 21.9530 14.9627
32 21.8046 14.9153 1.1613 0.3980 18.5480 2.9431 21.8046 14.9153
33 21.6488 14.8638 1.1986 0.4163 18.3815 2.9804 21.6488 14.8638
34 21.4854 14.8081 1.2381 0.4363 18.2073 3.0198 21.4854 14.8081
35 21.3142 14.7480 1.2797 0.4580 18.0251 3.0613 21.3142 14.7480
36 21.1351 14.6832 1.3235 0.4814 17.8345 3.1049 21.1351 14.6832
37 20.9477 14.6135 1.3694 0.5067 17.6353 3.1510 20.9477 14.6135
38 20.7519 14.5386 1.4176 0.5339 17.4269 3.1995 20.7519 14.5386
39 20.5472 14.4582 1.4681 0.5631 17.2090 3.2505 20.5472 14.4582
40 20.3340 14.3722 1.5206 0.5944 16.9810 3.3043 20.3340 14.3722
41 20.1120 14.2803 1.5227 0.6068 16.7427 3.2489 20.1120 14.2803
42 19.8811 14.1826 1.5230 0.6189 16.4934 3.1926 19.8811 14.1826
43 19.6415 14.0786 1.5211 0.6304 16.2327 3.1351 19.6415 14.0786
44 19.3928 13.9683 1.5169 0.6413 15.9600 3.0763 19.3928 13.9683
45 19.1352 13.8514 1.5101 0.6512 15.6749 3.0161 19.1352 13.8514
46 18.8689 13.7280 1.5002 0.6600 15.3853 2.9503 18.8689 13.7280
47 18.5937 13.5977 1.4870 0.6674 15.0929 2.8782 18.5937 13.5977
48 18.3097 13.4604 1.4705 0.6732 14.7982 2.7997 18.3097 13.4604
49 18.0171 13.3161 1.4501 0.6771 14.5013 2.7149 18.0171 13.3161
50 17.7162 13.1648 1.4257 0.6788 14.2026 2.6240 17.7162 13.1648
51 17.4069 13.0062 1.2500 0.6069 13.9023 2.2610 17.4069 13.0062
52 17.0896 12.8404 1.0609 0.5251 13.6004 1.8856 17.0896 12.8404
53 16.7647 12.6674 0.8583 0.4329 13.2971 1.4987 16.7647 12.6674
54 16.4325 12.4875 0.6419 0.3299 12.9927 1.1014 16.4325 12.4875
55 16.0936 12.3007 0.4121 0.2158 12.6871 0.6948 16.0936 12.3007
56 15.7480 12.1069 0.4229 0.2255 12.3809 0.7005 15.7480 12.1069
57 15.3966 11.9065 0.4333 0.2352 12.0741 0.7055 15.3966 11.9065
58 15.0397 11.6996 0.4434 0.2450 11.7672 0.7096 15.0397 11.6996
59 14.6778 11.4865 0.4530 0.2547 11.4606 0.7128 14.6778 11.4865
60 14.3115 11.2674 0.4622 0.2643 11.1547 0.7152 14.3115 11.2674
61 13.9413 11.0425 0.4708 0.2738 10.8498 0.7165 13.9413 11.0425
62 13.5676 10.8121 0.4787 0.2830 10.5464 0.7169 13.5676 10.8121
63 13.1909 10.5764 0.4861 0.2921 10.2446 0.7162 13.1909 10.5764
64 12.8116 10.3355 0.4927 0.3008 9.9447 0.7145 12.8116 10.3355
65 12.4299 10.0895 0.4986 0.3092 9.6468 0.7118 12.4299 10.0895
66 12.0464 9.8387 0.5036 0.3172 9.3512 0.7080 12.0464 9.8387
67 11.6611 9.5831 0.5079 0.3249 9.0578 0.7031 11.6611 9.5831
68 11.2745 9.3229 0.5113 0.3320 8.7669 0.6972 11.2745 9.3229
69 10.8870 9.0584 0.5139 0.3387 8.4786 0.6902 10.8870 9.0584
70 10.4991 8.7898 0.5155 0.3448 8.1931 0.6822 10.4991 8.7898
71 10.1117 8.5177 0.5162 0.3503 7.9107 0.6731 10.1117 8.5177
72 9.7251 8.2426 0.5158 0.3551 7.6313 0.6630 9.7251 8.2426
73 9.3404 7.9651 0.5144 0.3592 7.3550 0.6519 9.3404 7.9651
74 8.9582 7.6858 0.5120 0.3624 7.0816 0.6398 8.9582 7.6858
75 8.5792 7.4053 0.5084 0.3649 6.8107 0.6269 8.5792 7.4053
76 8.2043 7.1243 0.5037 0.3664 6.5414 0.6132 8.2043 7.1243
77 7.8341 6.8434 0.4979 0.3670 6.2733 0.5987 7.8341 6.8434
78 7.4689 6.5631 0.4910 0.3666 6.0053 0.5837 7.4689 6.5631
79 7.1091 6.2835 0.4829 0.3652 5.7364 0.5682 7.1091 6.2835
80 6.7544 6.0047 0.4739 0.3628 5.4653 0.5524 6.7544 6.0047
81 6.4051 5.7269 0.4638 0.3596 5.1909 0.5364 6.4051 5.7269
82 6.0611 5.4500 0.4529 0.3554 4.9279 0.5194 6.0611 5.4500
83 5.7221 5.1739 0.4412 0.3503 4.6773 0.5013 5.7221 5.1739
84 5.3880 4.8985 0.4287 0.3445 4.4406 0.4822 5.3880 4.8985
85 5.0581 4.6232 0.4157 0.3379 4.2193 0.4621 5.0581 4.6232
86 4.7343 4.3498 0.4022 0.3307 4.0141 0.4411 4.7343 4.3498
87 4.4209 4.0823 0.3879 0.3226 3.8235 0.4195 4.4209 4.0823
88 4.1223 3.8249 0.3730 0.3136 3.6446 0.3975 4.1223 3.8249
89 3.8417 3.5811 0.3573 0.3036 3.4741 0.3757 3.8417 3.5811
90 3.5815 3.3533 0.3410 0.2926 3.3084 0.3543 3.5815 3.3533
91 3.3414 3.1419 0.3242 0.2809 3.1449 0.3335 3.3414 3.1419
92 3.1203 2.9462 0.3070 0.2685 2.9813 0.3135 3.1203 2.9462
93 2.9156 2.7643 0.2898 0.2557 2.8169 0.2944 2.9156 2.7643
94 2.7232 2.5928 0.2725 0.2425 2.6509 0.2759 2.7232 2.5928
95 and over 2.5376 2.4267 0.2553 0.2291 2.4822 0.2580 2.5376 2.4267

1   The non-indexed single life valuation factor (NIPF), and the non-indexed reversion valuation factor (NIRF), for a person who is entitled to invalidity pay under Part V of the DFRDB Act, and has been classified as Class A or Class B by the Authority under subsection 30 (1) of that Act, is zero.

Table 7B       Pension valuation factors — females

Retirement Pay

Invalidity Pay1

Spouse Pension

Age

Indexed Single
Life
(IPF)

Non-indexed
Pension
(NIPF)

Indexed
Reversion
(IRF)

Non-indexed
Reversion
(NIRF)

Indexed
Single Life
(IPF)

Indexed
Reversion
(IRF)

Indexed
Pension
(IPF)

Non-indexed
Pension
(NIPF)

20 or less 23.8746 15.5389 0.2316 0.0773 20.0597 1.7375 23.8746 15.5389
21 23.7919 15.5202 0.2397 0.0805 19.9624 1.7429 23.7919 15.5202
22 23.7070 15.5012 0.2476 0.0836 19.8607 1.7488 23.7070 15.5012
23 23.6188 15.4810 0.2558 0.0868 19.7543 1.7553 23.6188 15.4810
24 23.5262 15.4590 0.2646 0.0903 19.6430 1.7624 23.5262 15.4590
25 23.4293 15.4353 0.2740 0.0942 19.5266 1.7702 23.4293 15.4353
26 23.3278 15.4096 0.2841 0.0986 19.4049 1.7786 23.3278 15.4096
27 23.2214 15.3818 0.2949 0.1034 19.2776 1.7879 23.2214 15.3818
28 23.1103 15.3519 0.3064 0.1086 19.1444 1.7980 23.1103 15.3519
29 22.9941 15.3198 0.3185 0.1143 19.0052 1.8089 22.9941 15.3198
30 22.8727 15.2853 0.3313 0.1205 18.8596 1.8209 22.8727 15.2853
31 22.7461 15.2483 0.3448 0.1272 18.7073 1.8338 22.7461 15.2483
32 22.6137 15.2085 0.3590 0.1344 18.5480 1.8479 22.6137 15.2085
33 22.4755 15.1658 0.3740 0.1422 18.3815 1.8632 22.4755 15.1658
34 22.3313 15.1201 0.3898 0.1506 18.2073 1.8797 22.3313 15.1201
35 22.1810 15.0712 0.4063 0.1596 18.0251 1.8976 22.1810 15.0712
36 22.0243 15.0189 0.4236 0.1693 17.8345 1.9170 22.0243 15.0189
37 21.8607 14.9628 0.4418 0.1797 17.6353 1.9379 21.8607 14.9628
38 21.6906 14.9030 0.4607 0.1908 17.4269 1.9604 21.6906 14.9030
39 21.5136 14.8394 0.4803 0.2025 17.2090 1.9847 21.5136 14.8394
40 21.3299 14.7718 0.5005 0.2149 16.9810 2.0109 21.3299 14.7718
41 21.1391 14.7001 0.4900 0.2142 16.7427 1.9168 21.1391 14.7001
42 20.9414 14.6241 0.4775 0.2126 16.4934 1.8211 20.9414 14.6241
43 20.7363 14.5435 0.4629 0.2098 16.2327 1.7237 20.7363 14.5435
44 20.5239 14.4584 0.4460 0.2058 15.9600 1.6241 20.5239 14.4584
45 20.3043 14.3685 0.4267 0.2004 15.6749 1.5223 20.3043 14.3685
46 20.0773 14.2737 0.4048 0.1935 15.3853 1.4151 20.0773 14.2737
47 19.8430 14.1740 0.3803 0.1849 15.0929 1.3022 19.8430 14.1740
48 19.6012 14.0691 0.3531 0.1746 14.7982 1.1840 19.6012 14.0691
49 19.3521 13.9590 0.3231 0.1625 14.5013 1.0608 19.3521 13.9590
50 19.0954 13.8433 0.2903 0.1484 14.2026 0.9331 19.0954 13.8433
51 18.8314 13.7223 0.2546 0.1323 13.9023 0.8011 18.8314 13.7223
52 18.5598 13.5954 0.2161 0.1141 13.6004 0.6656 18.5598 13.5954
53 18.2809 13.4628 0.1747 0.0937 13.2971 0.5268 18.2809 13.4628
54 17.9942 13.3239 0.1306 0.0711 12.9927 0.3855 17.9942 13.3239
55 17.6997 13.1786 0.0839 0.0464 12.6871 0.2421 17.6997 13.1786
56 17.3973 13.0267 0.0860 0.0483 12.3809 0.2429 17.3973 13.0267
57 17.0867 12.8678 0.0881 0.0502 12.0741 0.2434 17.0867 12.8678
58 16.7677 12.7015 0.0902 0.0522 11.7672 0.2435 16.7677 12.7015
59 16.4400 12.5274 0.0922 0.0542 11.4606 0.2433 16.4400 12.5274
60 16.1036 12.3451 0.0942 0.0562 11.1547 0.2427 16.1036 12.3451
61 15.7580 12.1543 0.0962 0.0582 10.8498 0.2418 15.7580 12.1543
62 15.4037 11.9548 0.0981 0.0603 10.5464 0.2404 15.4037 11.9548
63 15.0408 11.7467 0.1000 0.0623 10.2446 0.2387 15.0408 11.7467
64 14.6695 11.5297 0.1017 0.0644 9.9447 0.2366 14.6695 11.5297
65 14.2903 11.3040 0.1034 0.0664 9.6468 0.2341 14.2903 11.3040
66 13.9036 11.0697 0.1049 0.0684 9.3512 0.2313 13.9036 11.0697
67 13.5100 10.8270 0.1064 0.0703 9.0578 0.2281 13.5100 10.8270
68 13.1102 10.5761 0.1076 0.0722 8.7669 0.2246 13.1102 10.5761
69 12.7047 10.3173 0.1087 0.0740 8.4786 0.2207 12.7047 10.3173
70 12.2940 10.0508 0.1096 0.0757 8.1931 0.2165 12.2940 10.0508
71 11.8789 9.7770 0.1103 0.0772 7.9107 0.2121 11.8789 9.7770
72 11.4600 9.4962 0.1108 0.0786 7.6313 0.2073 11.4600 9.4962
73 11.0380 9.2086 0.1111 0.0799 7.3550 0.2023 11.0380 9.2086
74 10.6130 8.9145 0.1111 0.0810 7.0816 0.1970 10.6130 8.9145
75 10.1859 8.6141 0.1109 0.0819 6.8107 0.1915 10.1859 8.6141
76 9.7569 8.3077 0.1104 0.0827 6.5414 0.1858 9.7569 8.3077
77 9.3268 7.9955 0.1097 0.0832 6.2733 0.1800 9.3268 7.9955
78 8.8963 7.6784 0.1088 0.0836 6.0053 0.1741 8.8963 7.6784
79 8.4666 7.3570 0.1076 0.0837 5.7364 0.1682 8.4666 7.3570
80 8.0388 7.0322 0.1062 0.0836 5.4653 0.1622 8.0388 7.0322
81 7.6138 6.7050 0.1044 0.0833 5.1909 0.1564 7.6138 6.7050
82 7.1926 6.3760 0.1025 0.0828 4.9279 0.1504 7.1926 6.3760
83 6.7760 6.0459 0.1003 0.0820 4.6773 0.1442 6.7760 6.0459
84 6.3645 5.7154 0.0979 0.0810 4.4406 0.1379 6.3645 5.7154
85 5.9585 5.3846 0.0953 0.0798 4.2193 0.1314 5.9585 5.3846
86 5.5598 5.0555 0.0925 0.0784 4.0141 0.1248 5.5598 5.0555
87 5.1719 4.7312 0.0894 0.0767 3.8235 0.1181 5.1719 4.7312
88 4.7984 4.4152 0.0859 0.0746 3.6446 0.1111 4.7984 4.4152
89 4.4423 4.1108 0.0819 0.0720 3.4741 0.1038 4.4423 4.1108
90 4.1058 3.8202 0.0772 0.0687 3.3084 0.0961 4.1058 3.8202
91 3.7900 3.5452 0.0717 0.0645 3.1449 0.0877 3.7900 3.5452
92 3.4951 3.2863 0.0650 0.0592 2.9813 0.0784 3.4951 3.2863
93 3.2197 3.0427 0.0569 0.0525 2.8169 0.0679 3.2197 3.0427
94 2.9604 2.8120 0.0472 0.0442 2.6509 0.0558 2.9604 2.8120
95 and over 2.7119 2.5894 0.0359 0.0340 2.4822 0.0419 2.7119 2.5894

1   The non-indexed single life valuation factor (NIPF), and the non-indexed reversion valuation factor (NIRF), for a person who is entitled to invalidity pay under Part V of the DFRDB Act, and has been classified as Class A or Class B by the Authority under subsection 30 (1) of that Act, is zero.

[7]           Schedule 1, Division 4.1, subclause 1 (1), after definition of Act

insert

associate pension has the meaning given by Part 1 of Schedule 1 to the Rules.

[8]           Schedule 1, Division 4.1, subclause 1 (1), after definition of preserved benefit

insert

spouse’s pension has the meaning given by Part 1 of Schedule 1 to the Rules.

[9]           Schedule 1, Division 4.2, clause 2, table, item 2, column 3, definition of FEFy,s+1

substitute

FEFy+1,s is the valuation factor mentioned in Table 3A (male officers), Table 3B (males other than officers), Table 3C (female officers) or Table 3D (females other than officers) that would apply to the person if the person’s age in completed years at the relevant date were one year more than it is.

[10]         Schedule 1, Division 4.3, clause 3, table, item 1, column 2

substitute

An interest that a person has in the MSBS as a result of being paid a pension other than an associate pension or a spouse’s pension.

[11]         Schedule 1, Division 4.3, clause 3, table, after item 1

insert

2 An interest that a person has in the MSBS as a result of being paid an associate pension or a spouse’s pension.

where:

P is the annual rate of the person’s pension excluding, if the person’s pension is a spouse pension, any part of the pension that takes account of the existence of an eligible child or children.

PFy+m is the factor calculated by:

where:

PFy is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that applies to the person having regard to the person’s age in completed years at the relevant date and the person’s gender.

m is the number of complete months of the person’s age that are not included in the completed years of age at the relevant date.

PFy+1 is the spouse pension single life valuation factor mentioned in Table 4A (males) or Table 4B (females) that would apply to the person if the person’s age in completed years at the relevant date were one year more than it is.

[12]         Schedule 1, Division 4.4, Tables 4A and 4B

substitute

Table 4A        Valuation factors for pensioners in payment — males

Age pension

Invalid pension

Spouse pension

Age Single life Indexed reversion Single life Indexed reversion Single life
20 or less 23.2078 0.8380 20.0597 2.6189 23.2078
21 23.1034 0.8666 19.9624 2.6388 23.1034
22 23.0024 0.8917 19.8607 2.6598 23.0024
23 22.9036 0.9141 19.7543 2.6819 22.9036
24 22.8040 0.9353 19.6430 2.7052 22.8040
25 22.7007 0.9572 19.5266 2.7298 22.7007
26 22.5923 0.9804 19.4049 2.7557 22.5923
27 22.4781 1.0053 19.2776 2.7830 22.4781
28 22.3572 1.0322 19.1444 2.8117 22.3572
29 22.2295 1.0614 19.0052 2.8420 22.2295
30 22.0947 1.0928 18.8596 2.8740 22.0947
31 21.9530 1.1261 18.7073 2.9076 21.9530
32 21.8046 1.1613 18.5480 2.9431 21.8046
33 21.6488 1.1986 18.3815 2.9804 21.6488
34 21.4854 1.2381 18.2073 3.0198 21.4854
35 21.3142 1.2797 18.0251 3.0613 21.3142
36 21.1351 1.3235 17.8345 3.1049 21.1351
37 20.9477 1.3694 17.6353 3.1510 20.9477
38 20.7519 1.4176 17.4269 3.1995 20.7519
39 20.5472 1.4681 17.2090 3.2505 20.5472
40 20.3340 1.5206 16.9810 3.3043 20.3340
41 20.1120 1.5227 16.7427 3.2489 20.1120
42 19.8811 1.5230 16.4934 3.1926 19.8811
43 19.6415 1.5211 16.2327 3.1351 19.6415
44 19.3928 1.5169 15.9600 3.0763 19.3928
45 19.1352 1.5101 15.6749 3.0161 19.1352
46 18.8689 1.5002 15.3853 2.9503 18.8689
47 18.5937 1.4870 15.0929 2.8782 18.5937
48 18.3097 1.4705 14.7982 2.7997 18.3097
49 18.0171 1.4501 14.5013 2.7149 18.0171
50 17.7162 1.4257 14.2026 2.6240 17.7162
51 17.4069 1.2500 13.9023 2.2610 17.4069
52 17.0896 1.0609 13.6004 1.8856 17.0896
53 16.7647 0.8583 13.2971 1.4987 16.7647
54 16.4325 0.6419 12.9927 1.1014 16.4325
55 16.0936 0.4121 12.6871 0.6948 16.0936
56 15.7480 0.4229 12.3809 0.7005 15.7480
57 15.3966 0.4333 12.0741 0.7055 15.3966
58 15.0397 0.4434 11.7672 0.7096 15.0397
59 14.6778 0.4530 11.4606 0.7128 14.6778
60 14.3115 0.4622 11.1547 0.7152 14.3115
61 13.9413 0.4708 10.8498 0.7165 13.9413
62 13.5676 0.4787 10.5464 0.7169 13.5676
63 13.1909 0.4861 10.2446 0.7162 13.1909
64 12.8116 0.4927 9.9447 0.7145 12.8116
65 12.4299 0.4986 9.6468 0.7118 12.4299
66 12.0464 0.5036 9.3512 0.7080 12.0464
67 11.6611 0.5079 9.0578 0.7031 11.6611
68 11.2745 0.5113 8.7669 0.6972 11.2745
69 10.8870 0.5139 8.4786 0.6902 10.8870
70 10.4991 0.5155 8.1931 0.6822 10.4991
71 10.1117 0.5162 7.9107 0.6731 10.1117
72 9.7251 0.5158 7.6313 0.6630 9.7251
73 9.3404 0.5144 7.3550 0.6519 9.3404
74 8.9582 0.5120 7.0816 0.6398 8.9582
75 8.5792 0.5084 6.8107 0.6269 8.5792
76 8.2043 0.5037 6.5414 0.6132 8.2043
77 7.8341 0.4979 6.2733 0.5987 7.8341
78 7.4689 0.4910 6.0053 0.5837 7.4689
79 7.1091 0.4829 5.7364 0.5682 7.1091
80 6.7544 0.4739 5.4653 0.5524 6.7544
81 6.4051 0.4638 5.1909 0.5364 6.4051
82 6.0611 0.4529 4.9279 0.5194 6.0611
83 5.7221 0.4412 4.6773 0.5013 5.7221
84 5.3880 0.4287 4.4406 0.4822 5.3880
85 5.0581 0.4157 4.2193 0.4621 5.0581
86 4.7343 0.4022 4.0141 0.4411 4.7343
87 4.4209 0.3879 3.8235 0.4195 4.4209
88 4.1223 0.3730 3.6446 0.3975 4.1223
89 3.8417 0.3573 3.4741 0.3757 3.8417
90 3.5815 0.3410 3.3084 0.3543 3.5815
91 3.3414 0.3242 3.1449 0.3335 3.3414
92 3.1203 0.3070 2.9813 0.3135 3.1203
93 2.9156 0.2898 2.8169 0.2944 2.9156
94 2.7232 0.2725 2.6509 0.2759 2.7232
95 and over 2.5376 0.2553 2.4822 0.2580 2.5376

Table 4B       Valuation factors for pensioners in payment — females

Age pension

Invalid pension

Spouse pension

Age

Single life

Indexed reversion

Single life

Indexed reversion

Single life

20 or less 23.8746 0.2316 20.0597 1.7375 23.8746
21 23.7919 0.2397 19.9624 1.7429 23.7919
22 23.7070 0.2476 19.8607 1.7488 23.7070
23 23.6188 0.2558 19.7543 1.7553 23.6188
24 23.5262 0.2646 19.6430 1.7624 23.5262
25 23.4293 0.2740 19.5266 1.7702 23.4293
26 23.3278 0.2841 19.4049 1.7786 23.3278
27 23.2214 0.2949 19.2776 1.7879 23.2214
28 23.1103 0.3064 19.1444 1.7980 23.1103
29 22.9941 0.3185 19.0052 1.8089 22.9941
30 22.8727 0.3313 18.8596 1.8209 22.8727
31 22.7461 0.3448 18.7073 1.8338 22.7461
32 22.6137 0.3590 18.5480 1.8479 22.6137
33 22.4755 0.3740 18.3815 1.8632 22.4755
34 22.3313 0.3898 18.2073 1.8797 22.3313
35 22.1810 0.4063 18.0251 1.8976 22.1810
36 22.0243 0.4236 17.8345 1.9170 22.0243
37 21.8607 0.4418 17.6353 1.9379 21.8607
38 21.6906 0.4607 17.4269 1.9604 21.6906
39 21.5136 0.4803 17.2090 1.9847 21.5136
40 21.3299 0.5005 16.9810 2.0109 21.3299
41 21.1391 0.4900 16.7427 1.9168 21.1391
42 20.9414 0.4775 16.4934 1.8211 20.9414
43 20.7363 0.4629 16.2327 1.7237 20.7363
44 20.5239 0.4460 15.9600 1.6241 20.5239
45 20.3043 0.4267 15.6749 1.5223 20.3043
46 20.0773 0.4048 15.3853 1.4151 20.0773
47 19.8430 0.3803 15.0929 1.3022 19.8430
48 19.6012 0.3531 14.7982 1.1840 19.6012
49 19.3521 0.3231 14.5013 1.0608 19.3521
50 19.0954 0.2903 14.2026 0.9331 19.0954
51 18.8314 0.2546 13.9023 0.8011 18.8314
52 18.5598 0.2161 13.6004 0.6656 18.5598
53 18.2809 0.1747 13.2971 0.5268 18.2809
54 17.9942 0.1306 12.9927 0.3855 17.9942
55 17.6997 0.0839 12.6871 0.2421 17.6997
56 17.3973 0.0860 12.3809 0.2429 17.3973
57 17.0867 0.0881 12.0741 0.2434 17.0867
58 16.7677 0.0902 11.7672 0.2435 16.7677
59 16.4400 0.0922 11.4606 0.2433 16.4400
60 16.1036 0.0942 11.1547 0.2427 16.1036
61 15.7580 0.0962 10.8498 0.2418 15.7580
62 15.4037 0.0981 10.5464 0.2404 15.4037
63 15.0408 0.1000 10.2446 0.2387 15.0408
64 14.6695 0.1017 9.9447 0.2366 14.6695
65 14.2903 0.1034 9.6468 0.2341 14.2903
66 13.9036 0.1049 9.3512 0.2313 13.9036
67 13.5100 0.1064 9.0578 0.2281 13.5100
68 13.1102 0.1076 8.7669 0.2246 13.1102
69 12.7047 0.1087 8.4786 0.2207 12.7047
70 12.2940 0.1096 8.1931 0.2165 12.2940
71 11.8789 0.1103 7.9107 0.2121 11.8789
72 11.4600 0.1108 7.6313 0.2073 11.4600
73 11.0380 0.1111 7.3550 0.2023 11.0380
74 10.6130 0.1111 7.0816 0.1970 10.6130
75 10.1859 0.1109 6.8107 0.1915 10.1859
76 9.7569 0.1104 6.5414 0.1858 9.7569
77 9.3268 0.1097 6.2733 0.1800 9.3268
78 8.8963 0.1088 6.0053 0.1741 8.8963
79 8.4666 0.1076 5.7364 0.1682 8.4666
80 8.0388 0.1062 5.4653 0.1622 8.0388
81 7.6138 0.1044 5.1909 0.1564 7.6138
82 7.1926 0.1025 4.9279 0.1504 7.1926
83 6.7760 0.1003 4.6773 0.1442 6.7760
84 6.3645 0.0979 4.4406 0.1379 6.3645
85 5.9585 0.0953 4.2193 0.1314 5.9585
86 5.5598 0.0925 4.0141 0.1248 5.5598
87 5.1719 0.0894 3.8235 0.1181 5.1719
88 4.7984 0.0859 3.6446 0.1111 4.7984
89 4.4423 0.0819 3.4741 0.1038 4.4423
90 4.1058 0.0772 3.3084 0.0961 4.1058
91 3.7900 0.0717 3.1449 0.0877 3.7900
92 3.4951 0.0650 2.9813 0.0784 3.4951
93 3.2197 0.0569 2.8169 0.0679 3.2197
94 2.9604 0.0472 2.6509 0.0558 2.9604
95 and over 2.7119 0.0359 2.4822 0.0419 2.7119

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