Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1) (Cth)

Case

Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1)1

Parliamentary Contributory Superannuation Act 1948

The Parliamentary Retiring Allowances Trust makes this Determination under subsection 22A(1) of the Parliamentary Contributory Superannuation Act 1948.

Signed for and on behalf of the Parliamentary Retiring Allowances Trust

Dated 12 August 2015

MICHAEL FRANCIS McCORMACK
Trustee of the Parliamentary Retiring Allowances Trust

PHILIP RUDDOCK
Trustee of the Parliamentary Retiring Allowances Trust

  1. Name of Determination

    This Determination is the Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1).

  2. Commencement and revocation

    (a)This Determination commences on the day after it is registered on the Federal Register of Legislative Instruments.

    (b)This Determination revokes the Superannuation Pension Conversion Factors Determination No. 1/2004 made by the Parliamentary Retiring Allowances Trust on 9 December 2004 under subsection 22A(1) of the Parliamentary Contributory Superannuation Act 1948.

  3. Age factors

    For the purposes of section 22A of Parliamentary Contributory Superannuation Act 1948, the age factor for a person is determined under Tables A, B, C and D of the Schedule to this Determination, based on:

    (a)    whether the person is male or female;

    (b)    whether the benefit is a retirement pension or an invalidity pension; and

    (c)    the age of the person when the benefit becomes payable.

Schedule         Age factors

(section 3)

Table A:         Male Retirement Pension Age Factors

Table B:         Female Retirement Pension Age Factors

Table C:         Male Invalid Pension Age Factors

Table D:         Female Invalid Pension Age Factors

Table A:  Male Retirement Pension Age Factors

Age at last birthday prior to start of pension Age Factor
20 33.7
21 33.5
22 33.3
23 33.2
24 33.0
25 32.8
26 32.6
27 32.4
28 32.2
29 32.0
30 31.8
31 31.5
32 31.3
33 31.1
34 30.8
35 30.6
36 30.3
37 30.1
38 29.8
39 29.5
40 29.3
41 29.0
42 28.7
43 28.4
44 28.1
45 27.7
46 27.4
47 27.1
48 26.7
49 26.4
50 26.0
Age at last birthday prior to start of pension Age Factor
51 25.6
52 25.2
53 24.9
54 24.5
55 24.0
56 23.6
57 23.2
58 22.8
59 22.3
60 21.8
61 21.4
62 20.9
63 20.4
64 19.9
65 19.4
66 18.8
67 18.3
68 17.8
69 17.2
70 16.6
71 16.0
72 15.5
73 14.9
74 14.3
75 13.6
76 13.0
77 12.4
78 11.8
79 11.1
80 10.5

Table B:  Female Retirement Pension Age Factors

Age at last birthday prior to start of pension Age Factor
20 33.6
21 33.4
22 33.2
23 33.0
24 32.8
25 32.6
26 32.4
27 32.2
28 32.0
29 31.7
30 31.5
31 31.3
32 31.0
33 30.8
34 30.5
35 30.3
36 30.0
37 29.7
38 29.4
39 29.1
40 28.8
41 28.5
42 28.2
43 27.9
44 27.6
45 27.2
46 26.9
47 26.5
48 26.2
49 25.8
50 25.4
Age at last birthday prior to start of pension Age Factor
51 25.0
52 24.6
53 24.2
54 23.8
55 23.4
56 23.0
57 22.5
58 22.1
59 21.6
60 21.1
61 20.7
62 20.2
63 19.7
64 19.2
65 18.6
66 18.1
67 17.6
68 17.0
69 16.5
70 15.9
71 15.3
72 14.8
73 14.2
74 13.6
75 13.0
76 12.4
77 11.9
78 11.3
79 10.7
80 10.1

Table C:  Male Invalid Pension Age Factors

Age at last birthday prior to start of pension Age Factor
20 33.4
21 33.2
22 33.0
23 32.9
24 32.7
25 32.5
26 32.3
27 32.1
28 31.9
29 31.7
30 31.4
31 31.2
32 31.0
33 30.7
34 30.5
35 30.2
36 30.0
37 29.7
38 29.4
39 29.1
40 28.8
41 28.5
42 28.2
43 27.9
44 27.6
45 27.3
46 26.9
47 26.6
48 26.2
49 25.8
50 25.5
Age at last birthday prior to start of pension Age Factor
51 25.1
52 24.7
53 24.3
54 23.9
55 23.4
56 23.0
57 22.6
58 22.1
59 21.6
60 21.2
61 20.7
62 20.2
63 19.7
64 19.2
65 18.7
66 18.1
67 17.6
68 17.0
69 16.5
70 15.9
71 15.4
72 14.8
73 14.2
74 13.6
75 13.0
76 12.4
77 11.8
78 11.2
79 10.6
80 10.0

Table D:  Female Invalid Pension Age Factors

Age at last birthday prior to start of pension Age Factor
20 32.8
21 32.6
22 32.4
23 32.2
24 32.0
25 31.8
26 31.5
27 31.3
28 31.0
29 30.8
30 30.5
31 30.3
32 30.0
33 29.7
34 29.4
35 29.1
36 28.8
37 28.5
38 28.2
39 27.9
40 27.6
41 27.2
42 26.9
43 26.5
44 26.1
45 25.8
46 25.4
47 25.0
48 24.6
49 24.2
50 23.7
Age at last birthday prior to start of pension Age Factor
51 23.3
52 22.9
53 22.4
54 22.0
55 21.5
56 21.0
57 20.5
58 20.1
59 19.6
60 19.1
61 18.6
62 18.1
63 17.5
64 17.0
65 16.5
66 15.9
67 15.4
68 14.9
69 14.3
70 13.8
71 13.2
72 12.7
73 12.1
74 11.6
75 11.1
76 10.5
77 10.0
78 9.5
79 9.0
80 8.5

Note

1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See

Actions
Download as PDF Download as Word Document
Cases Citing This Decision

0

Cases Cited

0

Statutory Material Cited

0