Superannuation (Family Law Parliamentary Contributory Superannuation Act 1948) Orders 2004 (Cth)

Case

Superannuation (Family Law — Parliamentary Contributory Superannuation Act 1948) Orders 2004

Statutory Rules 2004 No. 97 as amended

made under section 22CK of the

Parliamentary Contributory Superannuation Act 1948

This compilation was prepared on 26 July 2005 taking into account amendments up to the Superannuation (Family Law − Parliamentary Contributory Superannuation Act 1948) Amendment Orders 2005 (No. 1).

Prepared by the Department of Finance and Administration,
Canberra


Contents

Part 1Preliminary

1.01Name of Orders [see Note 1]   3

1.02Commencement [see Note 1]   3

1.03Definitions   3

Part 2Orders relating to certain amounts and rates

2.01Scheme value - member spouse with no surcharge debt      5

2.01A     Scheme value - member spouse with surcharge debt          5

2.02Annual rate of associate immediate annuity   7

2.03Annual rate of associate deferred annuity   9

2.04Amount payable if non-member spouse dies before associate deferred annuity becomes payable   13

2.05Commutation of small associate annuity — maximum amount            14

2.06Commutation of small associate annuity — lump sum payable on election       14

2.07Reduction of associate annuity where original interest is entitlement to associate deferred annuity   14

2.08Reduction of standard allowance or annuity   16

Schedule 1Methods and factors used to determine scheme value in relation to member spouse     21

Part 1Methods   21

Part 2Scheme factors   40

Schedule 2Annuity Factors for non‑member spouses                  213

Schedule 3Annuity Factors for member spouses   218


Part 1                 Preliminary

1.01        Name of Orders [see Note 1]

These Orders are the Superannuation (Family Law — Parliamentary Contributory Superannuation Act 1948) Orders 2004.

1.02        Commencement [see Note 1]

These Orders commence, or are taken to have commenced, as follows:

(a)    on the notification of these Orders in the Gazette — Part 1;

(b)    on the commencement of Schedule 1 to the Superannuation Legislation Amendment (Family Law and Other Matters) Act 2004 — the remainder.

1.03        Definitions

(1)   In these Orders:

Act means the Parliamentary Contributory Superannuation Act 1948.

actuary means a person who is a Fellow or Accredited Member of the Institute of Actuaries of Australia.

family law commencement day means 18 May 2004.

Note   Part 1 of these Orders commenced on 18 May 2004.

FL Act means the Family Law Act 1975.

FLS Regulations means the Family Law (Superannuation) Regulations 2001.

Secretary means the Secretary of the Department of Finance and Administration.

Note   Several other words and expressions used in these Orders have the meaning given by subsection 4 (1) of the Act, including parliamentary allowance.

In this context, member is defined in subsection 4 (1) of the Act to mean a member of either House. A member spouse is also defined in the Act, but uses the word member in a different sense.

(2)   An expression that is used in these Orders, and defined in section 22CA of the Act, has the meaning given by that section.

Note Section 22CA of the Act defines expressions including applicable additional percentage, applicable basic percentage, non-member spouse, operative time and transfer amount. Some expressions are defined in section 22CA to have the same meaning as in the FL Act.

Part 2                 Orders relating to certain amounts and rates

2.01        Scheme value — member spouse with no surcharge debt

(1)   This section applies if the most recent member information statement provided to a member spouse before the operative time did not show a debit in the member spouse’s surcharge debt account.

(2)   For the definition of scheme value in section 22CA of the Act:

(a)    if the operative time was before the family law commencement day, the scheme value in relation to the member spouse is the family law value; and

(b)    if the operative time is on or after the family law commencement day:

(i)    the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force at the operative time; or

(ii)    if it is not possible to determine the scheme value using those methods and factors, the scheme value in relation to the member spouse is to be determined by an actuary appointed by the Secretary for this section.

2.01A      Scheme value — member spouse with surcharge debt

(1)   This section applies if the most recent member information statement provided to a member spouse before the operative time (the statement) showed a debit in the member spouse’s surcharge debt account.

(2)   For the definition of scheme value in section 22CA of the Act, and subject to subsections (3) to (6):

(a)    if the operative time was before the family law commencement day, the scheme value in relation to the member spouse is the family law value; and

(b)    if the operative time is on or after the family law commencement day:

(i)    the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force at the operative time; or

(ii)    if it is not possible to determine the scheme value using those methods and factors, the scheme value in relation to the member spouse is to be determined by an actuary appointed by the Secretary for this section.

(3)   If:

(a)    it is necessary to work out the scheme value for the purpose of the definition of transfer amount in section 22CA of the Act; and

(b)    the operative time is on or after the day on which this subsection commences;

the scheme value is the value identified under subsection (2), reduced by the amount of the member spouse’s surcharge debt shown in the statement.

(4)   If:

(a)    it is necessary to work out the scheme value for the purpose of the definition of transfer factor in section 22CA of the Act; and

(b)    the operative time is on or after the day on which this subsection commences;

the scheme value is the value identified under subsection (2).

(5)   If the operative time was before the family law commencement day, the transfer factor in relation to the member spouse is to be recalculated by:

(a)    identifying the scheme value that had previously been used to calculate the transfer factor; and

(b)    adding to that scheme value the amount of the member spouse’s surcharge debt shown in the statement; and

(c)    using the result of paragraph (b) to recalculate the transfer factor.

(6)   If the operative time was on or after the family law commencement day, and before the day on which this subsection commences, the transfer factor in relation to the member spouse is to be recalculated by:

(a)   identifying the scheme value that had previously been used to calculate the transfer amount as part of calculating the transfer factor; and

(b)   subtracting from that scheme value the amount of the member spouse’s surcharge debt shown in the statement; and

(c)   recalculating the transfer amount using the reduced scheme value calculated under paragraph (b); and

(d)   using the result of paragraph (c), and the unreduced scheme value identified under subsection (2), to recalculate the transfer factor.

2.02        Annual rate of associate immediate annuity

(1)   For subsection 22CD (2) of the Act, this section applies if standard allowance or annuity is payable in respect of an original interest.

(2)   The annual rate of associate immediate annuity payable to a non-member spouse to whom subsection 22CD (2) of the Act applies is calculated as follows:

Step 1

Identify the transfer amount in relation to the non-member spouse.

Note   Subsection 22CD (2) of the Act requires the rate of associate immediate annuity to be calculated by reference to the transfer amount.

Step 2

Work out an annuity factor (y+m) based on the non-member spouse’s gender and age, using the formula:

where:

Fy is the valuation factor mentioned in Table 1 in Schedule 2 applicable, at the operative time, to the non-member spouse’s gender and age in completed years (represented by y).

m is the number of completed months of the non‑member spouse’s age, at the operative time, that are not included in the non-member spouse’s age in completed years.

Fy+1 is the valuation factor mentioned in Table 1 in Schedule 2 that would apply to the person if the person’s age in completed years was one year more than it is at the operative time.

Note   The associate immediate annuity does not include a reversionary component.

Step 3

Divide the transfer amount identified in step 1 by the annuity factor worked out in step 2.

The result is the annual rate of the associate immediate annuity.

Step 4

The annual rate is to be increased in the same way, and at the same time, as the rate of parliamentary allowance is increased.

Note If there is a decrease in the rate of parliamentary allowance, section 22T of the Act deals with the relationship between a member’s retiring allowance and the member’s parliamentary allowance. This is also relevant to the non-member spouse’s associate immediate annuity.

(3)   However, if it is not possible to calculate the annual rate of associate immediate annuity using subsection (2), the annual rate of associate immediate annuity payable to a non-member spouse to whom subsection 22CD (2) of the Act applies is to be calculated by an actuary appointed by the Secretary for this section.

2.03        Annual rate of associate deferred annuity

(1)   For subsection 22CE (1) of the Act, the annual rate at which an associate deferred annuity is to be paid is calculated as follows:

Step 1

Identify the transfer amount at the operative time.

Step 2A

Increase the transfer amount for any period between the operative time and the time at which the associate deferred annuity first becomes payable, using the Treasury bond rate for the last working day of the financial year ending immediately before the period for which the increase is being calculated for bonds with a 10 year term.

Note   The period between the operative time and the time at which the associate deferred annuity first becomes payable may include a number of full financial years, or may occur entirely within a single financial year.

Treasury bond rate for bonds with a 10 year term

The Treasury bond rate for the last working day of a financial year for bonds with a 10 year term is:

(a)   if any Treasury bonds with that term were issued on that day — the annual yield on those bonds; or

(b)   in any other case — the annual yield on Treasury bonds with that term, as published by the Reserve Bank of Australia for that day.

Calculation of increase in transfer amount

The increase in the transfer amount is calculated:

(a)   at the end of each financial year that occurs between the operative time and the time at which the associate deferred annuity first becomes payable; and

(b)   immediately before the associate deferred annuity first becomes payable;

using the applicable Treasury bond rate for the relevant period worked out in steps 2B, 2C and 2D, and compounded period by period.

Step 2B

First period

Identify the shorter of:

(a)   the period between the operative time and the end of the financial year in which the operative time occurs; and

(b)   the period between the operative time and the time at which the associate deferred annuity first becomes payable.

This is the first period.

Multiply the number of days in the first period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the first period occurs, and divide the result by 365.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the first period.

Step 2C

Full financial years (if any)

Use this step if a full financial year occurs immediately after the end of the first period and before the associate deferred annuity first becomes payable. This is the second period.

Identify the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the second period.

Repeat this arrangement for each full financial year after the second period.

Step 2D

Final period (if any)

Use this step if:

(a)   there is any period between the end of a financial year and the time at which the associate deferred annuity first becomes payable; and

(b)   neither step 2B nor step 2C covers that period.

This is the final period.

Multiply the number of days in the final period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the final period occurs, and divide the result by 365.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the final period.

Step 3

Work out an annuity factor (y+m) based on the non-member spouse’s gender and age, using the formula:

where:

Fy is:

(a)   if the associate deferred annuity is not payable on permanent incapacity — the valuation factor mentioned in Table 2A in Schedule 2, applicable, when the associate deferred annuity first becomes payable, to the non-member spouse’s gender and age in completed years (represented by y); and

(b)   if the associate deferred annuity is payable on permanent incapacity — the valuation factor mentioned in Table 2B in Schedule 2, applicable, when the associate deferred annuity first becomes payable, to the non‑member spouse’s gender and age in completed years (represented by y).

m is the number of completed months of the non‑member spouse’s age, when the associate deferred annuity first becomes payable, that are not included in the non-member spouse’s age in completed years.

Fy+1 is:

(a)   if the associate deferred annuity is not payable on permanent incapacity — the valuation factor mentioned in Table 2A in Schedule 2, applicable, when the associate deferred annuity first becomes payable, to the non‑member spouse’s gender and age in completed years if the person’s age in completed years was one year more than it was at that time; and

(b)   if the associate deferred annuity is payable on permanent incapacity — the valuation factor mentioned in Table 2B in Schedule 2, applicable, when the associate deferred annuity first becomes payable, to the non‑member spouse’s gender and age in completed years if the person’s age in completed years was one year more than it was at the operative time.

Note   The associate deferred annuity does not include a reversionary component.

Step 4

Divide the transfer amount, as increased in step 2A, by the annuity factor worked out in step 3.

The result is the annual rate of associate deferred annuity.

Step 5

The annual rate is to be increased in the same way, and at the same time, as the rate of parliamentary allowance is increased.

Note If there is a decrease in the rate of parliamentary allowance, section 22T of the Act deals with the relationship between a member’s retiring allowance and the member’s parliamentary allowance. This is also relevant to the non-member spouse’s associate deferred annuity.

(2)   However, if it is not possible to work out an annuity factor using step 3 in subsection (1), the annuity factor is to be worked out by an actuary appointed by the Secretary for this section.

2.04        Amount payable if non-member spouse dies before associate deferred annuity becomes payable

For subsection 22CE (7) of the Act, the amount payable in respect of the death of a non-member spouse is a lump sum equal to the transfer amount, increased in the way described in step 2A in subsection 2.03 (1) if an associate deferred annuity had become payable at the date of death.

2.05        Commutation of small associate annuity — maximum amount

(1)   For paragraph 22CF (1) (a) of the Act, the amount is $1 300.

(2)   For paragraph 22CF (1) (b) of the Act, the amount is $1 300.

(3)   An amount mentioned in subsection (1) or (2) is to be increased in the same way, and at the same time, as the rate of parliamentary allowance is increased.

Note If there is a decrease in the rate of parliamentary allowance, section 22T of the Act deals with the relationship between a member’s retiring allowance and the member’s parliamentary allowance. This is also relevant to the amount worked out under this section.

2.06        Commutation of small associate annuity — lump sum payable on election

For paragraph 22CF (3) (b) of the Act, the amount of the lump sum is an amount equal to the transfer amount, increased in the way described in step 2A in subsection 2.03 (1).

2.07        Reduction of associate annuity where original interest is entitlement to associate deferred annuity

For subsection 22CI (2) of the Act, the annual rate of an associate deferred annuity is to be reduced as follows:

Step 1

Identify the transfer amount at the operative time.

Step 2

Increase the transfer amount as if it were the lump sum amount calculated in step 2A in subsection 2.03 (1) when the associate deferred annuity becomes payable.

Note   A lump sum amount is increased under section 2.03 only if there is a period between the operative time and the time at which benefits first become payable. Therefore, in a particular case, it is possible that the transfer amount will not need to be increased in this step.

Step 3

Identify the lump sum value of the associate deferred annuity, as calculated under subsection 22CE (1) of the Act to the date of payment.

Note   The lump sum value of the associate deferred annuity represents the increased transfer amount worked out under section 2.03.

If the lump sum value of the associate deferred annuity has previously been reduced in accordance with these Orders, the reduction must be taken into account.

Step 4

Reduce the lump sum value of the associate deferred annuity as identified in step 3 by the increased transfer amount worked out in step 2.

Step 5

Substitute the reduced lump sum amount worked out in step 4 for the lump sum calculated in step 2A in subsection 2.03 (1), for payment under section 22CE.

Example for section 2.07

A member spouse has an entitlement to associate deferred annuity. The scheme value of those benefits at the operative time is $300 000.

The agreement served on the Secretary specifies that half of the interest is to be transferred to the non-member spouse. Therefore, the transfer amount is $150 000.

Step 1 identifies the transfer amount to be $150 000.

Step 2 increases the transfer amount to the day on which the associate deferred annuity becomes payable to the non-member spouse.

The $150 000 is increased by the bond rate to $160 000.

Step 3 calculates the lump sum value of the associate deferred annuity.

The $300 000 is increased by the bond rate to $320 000.

Step 4 reduces the lump sum value of the associate deferred annuity by the amount calculated in Step 2.

The $320 000 is reduced by $160 000, leaving $160 000.

Step 5 provides that the reduced lump sum value ($160 000) is to be substituted for the lump sum calculated in step 2A in subsection 2.03 (1) to calculate the rate of associate annuity under section 22CE of the Act.

2.08        Reduction of standard allowance or annuity

(1)   For subsection 22CJ (1) of the Act, this section applies if standard allowance or annuity is payable to a member spouse in respect of an original interest.

(2)   If the allowance is a retiring allowance (including a retiring allowance that forms the basis of an annuity to a surviving spouse under section 19 of the Act), the amount to which the annual rate of retiring allowance, or the annual rate of annuity under section 19 payable in respect of an original interest, is to be reduced is calculated as follows:

Step 1

Identify the applicable basic percentage, and each applicable additional percentage, before the operative time.

Step 2

Multiply the applicable basic percentage identified in step 1 by the transfer factor.

Multiply each applicable additional percentage identified in step 1 by the transfer factor.

Step 3

Reduce the applicable basic percentage identified in step 1 by the percentage worked out in step 2.

Reduce each applicable additional percentage identified in step 1 by the applicable percentage worked out in step 2.

Step 4

Apply the reduced applicable basic percentage after the operative time to the rate of parliamentary allowance.

The result is the annual rate of retiring allowance (other than additional retiring allowance), or the annual rate of the annuity under section 19 of the Act based on the retiring allowance.

Step 5

Apply each reduced applicable additional percentage after the operative time to:

(a)   the rate of the related salary payable in respect of a Minister of State; or

(b)   the rate of the related allowance by way of salary payable in respect of an office holder.

The result is the annual rate of additional retiring allowance, or the annual rate of the annuity under section 19 of the Act based on the additional retiring allowance.

Note The reduction is to be disregarded in calculating the amount of any annuity payable under section 19AA of the Act in respect of a child of the member spouse after the member spouse’s death.

(3)   If the annuity is an associate immediate annuity, the amount to which the annual rate of associate annuity payable in respect of an original interest is to be reduced is calculated as follows:

Step 1

Identify the annual rate of associate immediate annuity that was payable in relation to the member spouse immediately before the operative time.

Step 2

Work out an annuity factor (y+m) based on the member spouse’s gender and age, using the formula:

where:

Fy is the valuation factor mentioned in Table 1 in Schedule 3, applicable, at the operative time, to the member spouse’s gender and age in completed years (represented by y).

m is the number of completed months of the member spouse’s age, when the associate deferred annuity first becomes payable, that are not included in the member spouse’s age in completed years.

Fy+1 is the valuation factor mentioned in Table 1 in Schedule 3, applicable, at the operative time, to the member spouse’s gender and age in completed years if the person’s age in completed years was one year more than it was at that time.

Step 3

Multiply the annual rate of associate immediate annuity by the annuity factor worked out in step 2.

Step 4

Subtract the transfer amount from the amount worked out in step 3.

Step 5

Divide the amount worked out in step 4 by the annuity factor worked out in step 2.

The result is the annual rate of associate immediate annuity payable after the operative time in respect of the original interest.

Step 6

The annual rate is to be increased in the same way, and at the same time, as the rate of parliamentary allowance is increased.

Note If there is a decrease in the rate of parliamentary allowance, section 22T of the Act deals with the relationship between a member’s retiring allowance and the member’s parliamentary allowance. This is also relevant to the member spouse’s annual rate of associate annuity.

(4)   However, if it is not possible to reduce the annual rate of associate immediate annuity using subsection (3), the reduction of the annual rate of associate immediate annuity is to be calculated by an actuary appointed by the Secretary for this section.

(5)   If the annuity is an associate deferred annuity, the amount to which the annual rate of associate deferred annuity payable in respect of an original interest is to be reduced is calculated as follows:

Step 1

Identify the annual rate of associate deferred annuity that would have been payable in relation to the member spouse immediately before the operative time.

Step 2

Work out an annuity factor (y+m) based on the member spouse’s gender and age, using the formula:

where:

Fy is:

(a)   if the associate deferred annuity is not payable on permanent incapacity — the valuation factor mentioned in Table 2A in Schedule 3, applicable, when the associate deferred annuity first becomes payable, to the member spouse’s gender and age in completed years (represented by y); and

(b)   if the associate deferred annuity is payable on permanent incapacity — the valuation factor mentioned in Table 2B in Schedule 3, applicable, when the associate deferred annuity first becomes payable, to the member spouse’s gender and age in completed years (represented by y).

m is the number of completed months of the member spouse’s age, when the associate deferred annuity first becomes payable, that are not included in the member spouse’s age in completed years.

Fy+1 is:

(a)   if the associate deferred annuity is not payable on permanent incapacity — the valuation factor mentioned in Table 2A in Schedule 3, applicable, when the associate deferred annuity first becomes payable, to the member spouse’s gender and age in completed years if the person’s age in completed years was one year more than it was at that time; and

(b)   if the associate deferred annuity is payable on permanent incapacity — the valuation factor mentioned in Table 2B in Schedule 3, applicable, when the associate deferred annuity first becomes payable, to the member spouse’s gender and age in completed years if the person’s age in completed years was one year more than it was at the operative time.

Step 3

Multiply the annual rate of associate deferred annuity by the annuity factor worked out in step 2.

Step 4

Subtract the transfer amount from the amount worked out in step 3.

Step 5

Divide the amount worked out in step 4 by the annuity factor worked out in step 2.

The result is the annual rate of associate deferred annuity payable after the operative time in respect of the original interest.

Step 6

The annual rate is to be increased in the same way, and at the same time, as the rate of parliamentary allowance is increased.

Note If there is a decrease in the rate of parliamentary allowance, section 22T of the Act deals with the relationship between a member’s retiring allowance and the member’s parliamentary allowance. This is also relevant to the member spouse’s annual rate of associate annuity.

(6)   However, if it is not possible to reduce the annual rate of associate deferred annuity using subsection (5), the reduction of the annual rate of associate deferred annuity is to be calculated by an actuary appointed by the Secretary for this section.

Schedule 1        Methods and factors used to determine scheme value in relation to member spouse

(section 2.01)

Part 1          Methods

  1. Definitions

In this Part:

fraction of a year means the quotient of the number of days of the period of service in the year and 365.

Scheme means the retirement scheme constituted by the Act.

  1. Methods and factors for interests of members in the Scheme — growth phase

For an interest that is in the growth phase in the Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for these Orders.

Item

Interest in the growth phase

Method or factor

1 An interest that a person who is a member of either House has in the Scheme.

(ABP × Parl. A + AARA – PC) × PFy+m,s + LS × LSFy+m,s

where:

ABP is the person’s accrued basic pension multiple at the operative time calculated, by reference to the person’s period of service:

   (a)  by adding:

         (i)   for service that occurred within the first 8 years — 0.0625 × each full year of service plus 0.0625/365 × the number of left-over days in that period; and

        (ii)   for service that occurred within the next 10 years — 0.025 × each full year of service plus 0.025/365 × the number of left‑over days in that period; and

(b) if section 22CD of the Act applies to the interest — by subtracting from the amount calculated under paragraph (a) any interim factors for previous splits (calculated in accordance with subsection 22CH (6) of the Act) that would apply after a retiring allowance becomes payable.

Note   ABP will not exceed 0.75.

Parl. A is the parliamentary allowance of the person, expressed as an annual amount, at the operative time.

AARA is the person’s additional retiring allowance, if any, being the lesser of:

   (a)  the sum of the additional retiring allowances accrued at the operative time by the person for each office the person held as a Minister of State or as an office holder during the person’s period of service, calculated, for each office, as the product of:

(i) the person’s accrued additional retiring allowance multiple — being 0.0625 × the number of years, and any fraction of a year, the person served as a Minister of State or an office holder, as the case may be, during that period, and if section 22CD of the Act applies to the interest, that multiple less the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable; and

        (ii)   the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time; and

   (b)  whichever of the following applies:

(i) if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act does not apply to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time;

(ii) if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act applies to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time;

(iii) if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act does not apply to the interest — 75% of the highest annual salary or annual allowance by way of salary payable in respect of those offices at the operative time;

(iv) if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act applies to the interest — 75% of the highest annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of those offices, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time.

PC is the annual amount, if any, by which the person’s retiring allowance is reduced under subsection 20 (3A) of the Act.

PFy+m,s is the pension valuation factor calculated in accordance with the following formula:

where:

PFy,s is the pension valuation factor mentioned, for:

   (a)  the person’s age in completed years (y) at the operative time; and

   (b)  the person’s period of service in completed years (s) as at the date of the last House of Representatives election before the operative time;

in whichever of Tables 1 to 36 is applicable, according to Table A, given the following:

   (c)  the person’s gender;

   (d)  whether he or she is a member of the House of Representatives or the Senate or was such a member at the operative time;

   (e)  whether or not, if he or she became entitled to a retiring allowance within the meaning of the Act, he or she would be a deferring member;

   (f)  the number of completed years, at the operative time, since the last election of the House of Representatives;

   (g)  in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.

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

PFy+1,s is the pension valuation factor mentioned in whichever of Tables 1 to 36 is applicable that would apply if the person’s age in completed years at the operative time were 1 year more than it is.

LS is the sum of the person’s member contributions paid to the operative time, plus:

   (a)  for a person whose period of service is at least 8 years — 2⅓ times the person’s member contributions paid in the period of service of 8 years immediately before the operative time; or

   (b)  for a person whose period of service is less than 8 years — 2⅓ times the person’s member contributions paid in the period of service immediately before the operative time.

LSFy+m,s is the factor calculated in accordance with the following formula:

where:

LSFy,s is the lump sum valuation factor mentioned for:

   (a)  the person’s age in completed years (y) at the operative time; and

   (b)  the person’s period of service in completed years (s) as at the date of the last House of Representatives election before the operative time;

in whichever of Tables 37 to 54 is applicable, according to Table B, given the following:

   (c)  the person’s gender;

   (d)  whether he or she is a member of the House of Representatives or the Senate;

   (e)  the number of completed years, at the operative time, since the last election of the House of Representatives;

   (f)  in the case of a member of the Senate, whether he or she last became a member of the Senate (whether by election or otherwise) before the last House of Representatives election.

m has the meaning given above.

LSFy+1,s is the lump sum valuation factor mentioned in whichever of Tables 37 to 54 is applicable that would apply if the person’s age in completed years at the operative time were 1 year more than it is.
2

An interest that a person who has ceased to be a member of either House has in the Scheme as a deferring member under Part VA of the Act, before the day on which the person attains the age of 55 years.

(ABP × Parl. A + AARA – PC) × DPFy+m,s

where:

ABP is the person’s accrued basic pension multiple at the operative time calculated, by reference to the person’s period of service:

   (a)  by adding:

         (i)   for service that occurred within the first 8 years — 0.0625 × each full year of service plus 0.0625/365 × the number of left-over days in that period; and

        (ii)   for service that occurred within the next 10 years — 0.025 × each full year of service plus 0.025/365 × the number of left‑over days in that period; and

(b) if section 22CD of the Act applies to the interest — by subtracting from the amount calculated under paragraph (a) any interim factors for previous splits (calculated in accordance with subsection 22CH (6) of the Act) that would apply after a retiring allowance becomes payable.

Note   ABP will not exceed 0.75.

Parl. A is the parliamentary allowance, expressed as an annual amount, payable to a member of either House of the Parliament at the operative time.

AARA is the person’s additional retiring allowance, if any, being the lesser of:

   (a)  the sum of the additional retiring allowances accrued at the operative time by the person for each office the person held as a Minister of State or as an office holder during the person’s period of service, calculated, for each office, as the product of:

(i) the person’s accrued additional retiring allowance multiple — being 0.0625 × the number of years, and any fraction of a year, the person served as a Minister of State or an office holder, as the case may be, during that period, and if section 22CD of the Act applies to the interest, that multiple less the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable; and
        (ii)   the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time; and

   (b)  whichever of the following applies:

(i) if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act does not apply to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time;

(ii) if the person has accrued additional retiring allowance for 1 office only and section 22CD of the Act applies to the interest — 75% of the annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of that office, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time;

(iii) if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act does not apply to the interest — 75% of the highest annual salary or annual allowance by way of salary payable in respect of those offices at the operative time;

(iv) if the person has accrued additional retiring allowance for 2 or more offices and section 22CD of the Act applies to the interest — 75% of the highest annual salary payable to a Minister of State, or the annual allowance by way of salary payable to an office holder in respect of those offices, as the case may be, at the operative time less the product of the sum of any interim factors for previous splits (calculated in accordance with subsection 22CH (7) of the Act) that would apply after a retiring allowance becomes payable, and that annual salary or annual allowance, as the case may be, at the operative time.

PC is the annual amount, if any, by which the person’s retiring allowance is reduced under subsection 20 (3A) of the Act.

DPFy+m is the deferred pension valuation factor calculated in accordance with the following formula:

where:

DPFy is the deferred pension valuation factor mentioned in Table 55 that applies at the person’s age in completed years (y) at the operative time for the person’s gender.

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

DPFy+1 is the deferred pension valuation factor mentioned in Table 55 that would apply if the person’s age in completed years at the operative time were 1 year more than it is.
3

An interest that a person has in the Scheme if the person is entitled to an associate deferred annuity under subsection 22CD (3) of the Act.

where UTA is:

   (a)  the lump sum value of the transfer amount, as increased in accordance with the method set out below; or

(b) if section 22CD of the Act applies to the interest — the amount calculated under paragraph (a) less the sum of any reductions that apply under section 22CI of the Act, as if the annuity had become payable at the operative time.

Method for increasing transfer amount
Step 1

Increase the transfer amount for any period between the operative time (being the operative time in relation to the splitting agreement or splitting order as a result of which the person has the entitlement under subsection 22CD (3) of the Act) and the operative time, using the Treasury bond rate for the last working day of the financial year ending immediately before the period for which the increase is being calculated for bonds with a 10 year term.

Note   The period between the operative time and the operative time may include a number of full financial years, or may occur entirely within a single financial year.

Treasury bond rate for bonds with a 10 year term

The Treasury bond rate for the last working day of a financial year for bonds with a 10 year term is:

   (a)  if any Treasury bonds with that term were issued on that day — the annual yield on those bonds; or

   (b)  in any other case — the annual yield on Treasury bonds with that term, as published by the Reserve Bank of Australia for that day.

Calculation of increase in transfer amount

The increase in the transfer amount is calculated:

   (a)  at the end of each financial year that occurs between the operative time and the operative time; and

   (b)  immediately before the operative time;

using the applicable Treasury bond rate for the relevant period worked out in accordance with steps 2, 3 and 4, and compounded period by period.

Step 2

First period

Identify the shorter of:

   (a)  the period between the operative time and the end of the financial year in which the operative time occurs; and

   (b)  the period between the operative time and the operative time.

This is the first period.

Multiply the number of days in the first period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the first period occurs, and divide the result by 365.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the first period.

Step 3

Full financial years (if any)

Use this step if a full financial year occurs immediately after the end of the first period and before the operative time. This is the second period.

Identify the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the second period.

Repeat this arrangement for each full financial year after the second period.

Step 4

Final period (if any)

Use this step if:

   (a)  there is any period between the end of a financial year and the operative time; and

   (b)  neither step 2 nor step 3 covers that period.

This is the final period.

Multiply the number of days in the final period by the Treasury bond rate for bonds with a 10 year term that is applicable to the financial year in which the final period occurs, and divide the result by 365.

Round the result to 3 decimal places.

The result is the applicable Treasury bond rate for the final period.

  1. Methods and factors for interests of members in the Scheme — payment phase

For an interest that is in the payment phase in the Scheme mentioned in an item in the following table, the method or factor mentioned in the item is approved for these Orders.

Item

Interest in the payment phase

Method or factor

1 An interest that a person has in the Scheme under section 18 or 19 of the Act.

A × Fy+m

where:

A is the annual retiring allowance (including additional retiring allowance) to which the person is entitled under section 18 of the Act, or the annuity to which the person is entitled under section 19 of the Act, as the case may be (without applying any reduction under section 21B of the Act).

Fy+m is the factor calculated in accordance with the following formula:

where:

Fy is the valuation factor mentioned in Table 56 that applies at the person’s age in completed years (y) at the operative time for the person’s gender and type of pension.

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

Fy+1 is the valuation factor mentioned in Table 56 that would apply if the person’s age in completed years at the operative time were 1 year more than it is.

2 An interest that a person has in the Scheme if the person is entitled to an associate immediate annuity under subsection 22CD (2) of the Act.

where:

AIA is the associate immediate annuity to which the person is entitled under subsection 22CD (2) of the Act.

Fy+m is the factor calculated in accordance with the following formula:

where:

Fy is the valuation factor mentioned in Table 57 that applies at the person’s age in completed years (y) at the operative time for the person’s gender.

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

Fy+1 is the valuation factor mentioned in Table 57 that would apply if the person’s age in completed years at the operative time were 1 year more than it is.

3 An interest that a person has in the Scheme if the person is entitled to an associate deferred annuity under subsection 22CD (3) of the Act.

where:

ADA is the associate deferred annuity that is payable to the person under section 22CE of the Act.

Fy+m is the factor calculated in accordance with the following formula:

where:

Fy is the valuation factor mentioned in Table 58 that applies at the person’s age in completed years (y) at the operative time for the person’s gender and type of annuity.

m is the number of complete months of the person’s age at the operative time that are not included in the person’s completed years of age.
Fy+1 is the valuation factor mentioned in Table 58 that would apply if the person’s age in completed years at the operative time were 1 year more than it is.

Part 2          Scheme factors

Table A  Pension valuation factors for sitting members

(HoR means the House of Representatives)

Item

Gender

House

Interest subject to deferral

Completed years since last election for the House of Representatives

Last became member of Senate before last election for the House of Representatives

Relevant table

1 Male HoR No 0 n/a 1
2 Male HoR No 1 n/a 2
3 Male HoR No 2 or more n/a 3
4 Male HoR Yes 0 n/a 4
5 Male HoR Yes 1 n/a 5
6 Male HoR Yes 2 or more n/a 6
7 Male Senate No 0 No 7
8 Male Senate No 1 No 8
9 Male Senate No 2 or more No 9
10 Male Senate No 0 Yes 10
11 Male Senate No 1 Yes 11
12 Male Senate No 2 or more Yes 12
13 Male Senate Yes 0 No 13
14 Male Senate Yes 1 No 14
15 Male Senate Yes 2 or more No 15
16 Male Senate Yes 0 Yes 16
17 Male Senate Yes 1 Yes 17
18 Male Senate Yes 2 or more Yes 18
19 Female HoR No 0 n/a 19
20 Female HoR No 1 n/a 20
21 Female HoR No 2 or more n/a 21
22 Female HoR Yes 0 n/a 22
23 Female HoR Yes 1 n/a 23
24 Female HoR Yes 2 or more n/a 24
25 Female Senate No 0 No 25
26 Female Senate No 1 No 26
27 Female Senate No 2 or more No 27
28 Female Senate No 0 Yes 28
29 Female Senate No 1 Yes 29
30 Female Senate No 2 or more Yes 30
31 Female Senate Yes 0 No 31
32 Female Senate Yes 1 No 32
33 Female Senate Yes 2 or more No 33
34 Female Senate Yes 0 Yes 34
35 Female Senate Yes 1 Yes 35
36 Female Senate Yes 2 or more Yes 36

Table B  Lump sum valuation factors for sitting members

(HoR means the House of Representatives)

Item

Gender

House

Interest subject to deferral

Completed years since last election for the House of Representatives

Last became member of Senate before last election for the House of Representatives

Relevant table

1 Male HoR No 0 n/a 37
2 Male HoR No 1 n/a 38
3 Male HoR No 2 or more n/a 39
4 Male Senate No 0 No 40
5 Male Senate No 1 No 41
6 Male Senate No 2 or more No 42
7 Male Senate No 0 Yes 43
8 Male Senate No 1 Yes 44
9 Male Senate No 2 or more Yes 45
10 Female HoR No 0 n/a 46
11 Female HoR No 1 n/a 47
12 Female HoR No 2 or more n/a 48
13 Female Senate No 0 No 49
14 Female Senate No 1 No 50
15 Female Senate No 2 or more No 51
16 Female Senate No 0 Yes 52
17 Female Senate No 1 Yes 53
18 Female Senate No 2 or more Yes 54

Table 1            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 15.5893 15.5868 19.5462 20.0720 20.0691
31 15.3930 15.3905 19.3122 19.8369 19.8339 24.8576
32 15.1912 15.1885 19.0720 19.5961 19.5931 24.5727 25.2293
33 14.9860 14.9830 18.8272 19.3507 19.3476 24.2821 24.9382 24.9346
34 14.7809 14.7775 18.5812 19.1028 19.0996 23.9878 24.6426 24.6389 24.6348
35 14.5678 14.5640 18.3268 18.8475 18.8441 23.6853 24.3395 24.3357 24.3315 25.2605
36 14.3505 14.3461 18.0675 18.5871 18.5833 23.3764 24.0300 24.0261 24.0218 24.9502 24.9451
37 14.1379 14.1329 17.8110 18.3266 18.3224 23.0659 23.7172 23.7132 23.7088 24.6356 24.6304 24.6246
38 13.9121 13.9066 17.5414 18.0555 18.0508 22.7446 23.3948 23.3906 23.3860 24.3123 24.3070 24.3010 24.5598
39 13.6838 13.6777 17.2681 17.7803 17.7749 22.4178 23.0667 23.0621 23.0572 23.9827 23.9773 23.9712 24.2299 24.2299
40 13.4713 13.4647 17.0073 17.5121 17.5059 22.0953 22.7394 22.7342 22.7289 23.6513 23.6457 23.6395 23.8973 23.8973 23.8973
41 13.1865 13.1793 16.6661 17.1689 17.1621 21.6873 22.3296 22.3238 22.3178 23.2388 23.2329 23.2264 23.4841 23.4841 23.4841 23.9410
42 12.8980 12.8902 16.3193 16.8201 16.8126 21.2720 21.9121 21.9054 21.8987 22.8180 22.8115 22.8048 23.0622 23.0622 23.0622 23.5189
43 12.6443 12.6362 16.0013 16.4883 16.4803 20.8695 21.5005 21.4930 21.4854 22.3981 22.3908 22.3834 22.6391 22.6391 22.6391 23.0942
44 12.3458 12.3373 15.6417 16.1265 16.1177 20.4379 21.0667 21.0584 21.0497 21.9601 21.9520 21.9437 22.1992 22.1992 22.1992 22.6540
45 12.0427 12.0336 15.2757 15.7583 15.7488 19.9981 20.6246 20.6155 20.6058 21.5134 21.5043 21.4949 21.7502 21.7502 21.7502 22.2047
46 11.8157 11.8063 14.9753 15.4316 15.4218 19.5927 20.2023 20.1925 20.1820 21.0773 21.0669 21.0563 21.3082 21.3082 21.3082 21.7596
47 11.4991 11.4891 14.5932 15.0474 15.0371 19.1343 19.7416 19.7309 19.7195 20.6124 20.6008 20.5888 20.8405 20.8405 20.8405 21.2916
48 11.1774 11.1660 14.2040 14.6558 14.6446 18.6667 19.2719 19.2603 19.2478 20.1382 20.1256 20.1122 20.3637 20.3637 20.3637 20.8146
49 11.0207 11.0093 13.9596 14.3586 14.3472 18.2809 18.8536 18.8417 18.8284 19.6956 19.6821 19.6675 19.9119 19.9119 19.9119 20.3567
50 10.6829 10.6706 13.5523 13.9491 13.9369 17.7926 18.3633 18.3507 18.3366 19.2016 19.1868 19.1709 19.4154 19.4154 19.4154 19.8600
51 10.2167 10.2042 12.9962 13.3905 13.3769 17.1286 17.6972 17.6838 17.6691 18.5321 18.5164 18.4992 18.7436 18.7436 18.7436 19.1879
52 10.0955 10.0862 12.7472 13.0347 13.0214 16.6422 17.1452 17.1318 17.1167 17.9347 17.9188 17.9008 18.1304 18.1304 18.1304 18.5623
53 9.5987 9.5898 12.1593 12.4459 12.4320 15.9452 16.4466 16.4325 16.4165 17.2332 17.2167 17.1980 17.4279 17.4279 17.4279 17.8599
54 9.0955 9.0870 11.5623 11.8477 11.8335 15.2368 15.7358 15.7202 15.7034 16.5182 16.5008 16.4812 16.7112 16.7112 16.7112 17.1432
55 9.1985 9.1985 11.5082 11.6871 11.6771 14.9181 15.2830 15.2681 15.2511 15.9731 15.9557 15.9358 16.1346 16.1346 16.1346 16.5407
56 8.8571 8.8571 11.1058 11.2870 11.2771 14.4437 14.8075 14.7913 14.7721 15.4924 15.4737 15.4521 15.6515 15.6515 15.6515 16.0581
57 8.5098 8.5098 10.6924 10.8866 10.8766 13.9669 14.3290 14.3119 14.2909 15.0085 14.9872 14.9639 15.1635 15.1635 15.1635 15.5703
58 9.2810 9.2810 11.2629 11.2629 11.2629 14.1875 14.4146 14.4023 14.3851 14.9105 14.8894 14.8652 14.9988 14.9988 14.9988 15.3505
59 8.9057 8.9057 10.8252 10.8252 10.8252 13.6803 13.9110 13.8985 13.8806 14.4058 14.3828 14.3554 14.4916 14.4916 14.4916 14.8447
60 8.5182 8.5182 10.3759 10.3759 10.3759 13.1563 13.4041 13.3915 13.3735 13.8981 13.8737 13.8438 13.9824 13.9824 13.9824 14.3363
61 11.3562 11.3562 11.3562 13.8905 13.8905 13.8905 13.8823 14.2128 14.1952 14.1707 14.1707 14.1707 14.1707 14.4079
62 10.8783 10.8783 10.8783 13.3422 13.3422 13.3422 13.3422 13.6793 13.6615 13.6358 13.6358 13.6358 13.6358 13.8778
63 10.3906 10.3906 10.3906 12.7843 12.7843 12.7843 12.7843 13.1473 13.1294 13.1034 13.1034 13.1034 13.1034 13.3502
64 14.0792 14.0792 14.0792 14.0792 14.0792 14.0792 14.0676 14.0676 14.0676 14.0676 14.0676
65 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921
66 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175
67 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450
68 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753
69 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087
70 and over 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455

Table 2            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 16.0693 16.0668 20.1398 20.6765
31 15.8700 15.8675 19.9034 20.4395 20.4366
32 15.6691 15.6665 19.6641 20.1992 20.1962 25.3171
33 15.4626 15.4598 19.4185 19.9531 19.9500 25.0261 25.6957
34 15.2520 15.2490 19.1678 19.7018 19.6986 24.7291 25.3982 25.3945
35 15.0417 15.0383 18.9160 19.4480 19.4447 24.4283 25.0961 25.0923 25.0881
36 14.8228 14.8189 18.6554 19.1864 19.1830 24.1189 24.7862 24.7824 24.7781 25.7256
37 14.5998 14.5954 18.3898 18.9197 18.9159 23.8032 24.4698 24.4659 24.4615 25.4086 25.4034
38 14.3813 14.3763 18.1268 18.6528 18.6485 23.4857 24.1501 24.1460 24.1415 25.0870 25.0817 25.0817
39 14.1507 14.1451 17.8516 18.3760 18.3712 23.1577 23.8211 23.8168 23.8121 24.7571 24.7516 24.7516 25.0155
40 13.9174 13.9111 17.5724 18.0950 18.0895 22.8241 23.4862 23.4815 23.4766 24.4207 24.4152 24.4152 24.6789 24.6789
41 13.6490 13.6423 17.2461 17.7612 17.7549 22.4245 23.0817 23.0764 23.0710 24.0120 24.0063 24.0063 24.2691 24.2691 24.2691
42 13.3571 13.3497 16.8966 17.4098 17.4028 22.0071 22.6624 22.6565 22.6505 23.5901 23.5841 23.5841 23.8467 23.8467 23.8467 24.3124
43 13.0611 13.0532 16.5414 17.0524 17.0448 21.5821 22.2352 22.2285 22.2217 23.1596 23.1531 23.1531 23.4155 23.4155 23.4155 23.8809
44 12.7997 12.7915 16.2147 16.7118 16.7036 21.1697 21.8137 21.8061 21.7984 22.7297 22.7224 22.7224 22.9830 22.9830 22.9830 23.4469
45 12.4923 12.4837 15.8453 16.3402 16.3313 20.7274 21.3693 21.3609 21.3521 22.2812 22.2730 22.2730 22.5334 22.5334 22.5334 22.9970
46 12.1796 12.1703 15.4689 15.9617 15.9521 20.2765 20.9161 20.9069 20.8971 21.8236 21.8143 21.8143 22.0746 22.0746 22.0746 22.5378
47 11.9441 11.9346 15.1593 15.6253 15.6154 19.8608 20.4833 20.4734 20.4627 21.3769 21.3664 21.3664 21.6231 21.6231 21.6231 22.0832
48 11.6166 11.6065 14.7658 15.2299 15.2194 19.3906 20.0110 20.0002 19.9886 20.9006 20.8889 20.8889 21.1455 21.1455 21.1455 21.6054
49 11.2843 11.2728 14.3653 14.8271 14.8158 18.9113 19.5297 19.5180 19.5053 20.4151 20.4023 20.4023 20.6587 20.6587 20.6587 21.1182
50 11.1206 11.1091 14.1130 14.5209 14.5094 18.5156 19.1010 19.0890 19.0755 19.9618 19.9481 19.9481 20.1973 20.1973 20.1973 20.6507
51 10.6488 10.6366 13.5512 13.9574 13.9452 17.8483 18.4322 18.4196 18.4056 19.2900 19.2753 19.2753 19.5245 19.5245 19.5245 19.9776
52 10.1677 10.1553 12.9791 13.3828 13.3694 17.1672 17.7491 17.7359 17.7212 18.6040 18.5884 18.5884 18.8375 18.8375 18.8375 19.2904
53 10.0401 10.0311 12.7217 13.0164 13.0033 16.6681 17.1833 17.1700 17.1549 17.9920 17.9762 17.9762 18.2104 18.2104 18.2104 18.6506
54 9.5296 9.5210 12.1186 12.4125 12.3988 15.9544 16.4681 16.4542 16.4382 17.2744 17.2580 17.2580 17.4924 17.4924 17.4924 17.9327
55 9.0123 9.0042 11.5061 11.7988 11.7848 15.2288 15.7403 15.7250 15.7082 16.5427 16.5255 16.5255 16.7600 16.7600 16.7600 17.2003
56 9.3174 9.3174 11.6819 11.8652 11.8551 15.1728 15.5467 15.5315 15.5141 16.2535 16.2358 16.2358 16.4385 16.4385 16.4385 16.8524
57 8.9663 8.9663 11.2698 11.4556 11.4455 14.6891 15.0620 15.0455 15.0259 15.7640 15.7449 15.7449 15.9483 15.9483 15.9483 16.3628
58 8.6091 8.6091 10.8463 11.0454 11.0353 14.2028 14.5742 14.5567 14.5353 15.2711 15.2493 15.2493 15.4530 15.4530 15.4530 15.8677
59 9.3967 9.3967 11.4307 11.4307 11.4307 14.4319 14.6652 14.6526 14.6351 15.1744 15.1528 15.1528 15.2892 15.2892 15.2892 15.6479
60 9.0085 9.0085 10.9809 10.9809 10.9809 13.9144 14.1517 14.1390 14.1206 14.6604 14.6370 14.6370 14.7760 14.7760 14.7760 15.1362
61 8.6092 8.6092 10.5204 10.5204 10.5204 13.3806 13.6356 13.6228 13.6043 14.1442 14.1193 14.1193 14.2608 14.2608 14.2608 14.6219
62 11.5360 11.5360 11.5360 14.1460 14.1460 14.1460 14.1376 14.4781 14.4601 14.4601 14.4601 14.4601 14.4601 14.7021
63 11.0511 11.0511 11.0511 13.5915 13.5915 13.5915 13.5915 13.9391 13.9209 13.9209 13.9209 13.9209 13.9209 14.1681
64 10.5560 10.5560 10.5560 13.0254 13.0254 13.0254 13.0254 13.3999 13.3816 13.3816 13.3816 13.3816 13.3816 13.6337
65 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712
66 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886
67 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069
68 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274
69 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507
70 and over 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771

Table 3            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

30 16.5596 16.5571 20.7457
31 16.3595 16.3570 20.5087 21.0559
32 16.1556 16.1530 20.2670 20.8137 20.8107
33 15.9499 15.9473 20.0224 20.5680 20.5650 25.7852
34 15.7380 15.7352 19.7709 20.3161 20.3129 25.4878 26.1707
35 15.5222 15.5191 19.5144 20.0589 20.0557 25.1843 25.8667 25.8630
36 15.3062 15.3027 19.2563 19.7989 19.7956 24.8767 25.5579 25.5541 25.5498
37 15.0816 15.0776 18.9894 19.5311 19.5276 24.5605 25.2412 25.2373 25.2329 26.1995
38 14.8525 14.8480 18.7173 19.2579 19.2540 24.2378 24.9179 24.9139 24.9094 25.8755 25.8755
39 14.6294 14.6242 18.4487 18.9853 18.9810 23.9137 24.5916 24.5874 24.5828 25.5474 25.5474 25.5474
40 14.3937 14.3880 18.1677 18.7027 18.6978 23.5790 24.2558 24.2514 24.2467 25.2107 25.2107 25.2107 25.4796
41 14.1042 14.0979 17.8227 18.3559 18.3503 23.1681 23.8435 23.8387 23.8337 24.7970 24.7970 24.7970 25.0657 25.0657
42 13.8291 13.8223 17.4885 18.0140 18.0077 22.7592 23.4297 23.4244 23.4189 24.3789 24.3789 24.3789 24.6468 24.6468 24.6468
43 13.5297 13.5223 17.1306 17.6542 17.6472 22.3321 23.0008 22.9948 22.9887 23.9474 23.9474 23.9474 24.2150 24.2150 24.2150 24.6897
44 13.2253 13.2173 16.7660 17.2875 17.2799 21.8969 22.5634 22.5566 22.5497 23.5068 23.5068 23.5068 23.7743 23.7743 23.7743 24.2487
45 12.9558 12.9476 16.4304 16.9377 16.9295 21.4743 22.1317 22.1240 22.1162 23.0667 23.0667 23.0667 23.3323 23.3323 23.3323 23.8051
46 12.6388 12.6301 16.0506 16.5559 16.5469 21.0211 21.6764 21.6678 21.6589 22.6074 22.6074 22.6074 22.8728 22.8728 22.8728 23.3453
47 12.3160 12.3066 15.6636 16.1668 16.1571 20.5590 21.2122 21.2028 21.1929 22.1390 22.1390 22.1390 22.4043 22.4043 22.4043 22.8764
48 12.0715 12.0618 15.3442 15.8203 15.8103 20.1326 20.7686 20.7586 20.7478 21.6815 21.6815 21.6815 21.9432 21.9432 21.9432 22.4122
49 11.7334 11.7232 14.9396 15.4139 15.4033 19.6509 20.2849 20.2739 20.2622 21.1939 21.1939 21.1939 21.4555 21.4555 21.4555 21.9242
50 11.3905 11.3789 14.5279 14.9999 14.9885 19.1599 19.7920 19.7802 19.7673 20.6971 20.6971 20.6971 20.9585 20.9585 20.9585 21.4268
51 11.0977 11.0863 14.1254 14.5428 14.5313 18.5877 19.1865 19.1745 19.1610 20.0673 20.0673 20.0673 20.3213 20.3213 20.3213 20.7833
52 10.6111 10.5991 13.5478 13.9636 13.9515 17.9035 18.5010 18.4886 18.4745 19.3792 19.3792 19.3792 19.6333 19.6333 19.6333 20.0950
53 10.1155 10.1033 12.9599 13.3735 13.3602 17.2056 17.8013 17.7882 17.7735 18.6768 18.6768 18.6768 18.9309 18.9309 18.9309 19.3923
54 9.9831 9.9744 12.6954 12.9975 12.9846 16.6947 17.2223 17.2092 17.1942 18.0510 18.0510 18.0510 18.2898 18.2898 18.2898 18.7384
55 9.4586 9.4503 12.0769 12.3784 12.3649 15.9640 16.4904 16.4767 16.4609 17.3170 17.3170 17.3170 17.5561 17.5561 17.5561 18.0048
56 9.1268 9.1185 11.6799 11.9797 11.9655 15.4909 16.0149 15.9992 15.9822 16.8367 16.8367 16.8367 17.0758 17.0758 17.0758 17.5245
57 9.4381 9.4381 11.8603 12.0482 12.0379 15.4362 15.8194 15.8039 15.7862 16.5437 16.5437 16.5437 16.7505 16.7505 16.7505 17.1723
58 9.0772 9.0772 11.4385 11.6290 11.6187 14.9433 15.3258 15.3089 15.2889 16.0456 16.0456 16.0456 16.2530 16.2530 16.2530 16.6755
59 8.7068 8.7068 11.0029 11.2073 11.1969 14.4474 14.8288 14.8110 14.7891 15.5443 15.5443 15.5443 15.7521 15.7521 15.7521 16.1750
60 9.5134 9.5134 11.6034 11.6034 11.6034 14.6870 14.9270 14.9141 14.8962 15.4504 15.4504 15.4504 15.5895 15.5895 15.5895 15.9554
61 9.1140 9.1140 11.1431 11.1431 11.1431 14.1607 14.4050 14.3920 14.3732 14.9286 14.9286 14.9286 15.0705 15.0705 15.0705 15.4380
62 8.7060 8.7060 10.6745 10.6745 10.6745 13.6201 13.8829 13.8698 13.8509 14.4070 14.4070 14.4070 14.5515 14.5515 14.5515 14.9201
63 11.7295 11.7295 11.7295 14.4203 14.4203 14.4203 14.4118 14.7628 14.7628 14.7628 14.7628 14.7628 14.7628 15.0098
64 11.2375 11.2375 11.2375 13.8583 13.8583 13.8583 13.8583 14.2168 14.2168 14.2168 14.2168 14.2168 14.2168 14.4692
65 10.7347 10.7347 10.7347 13.2838 13.2838 13.2838 13.2838 13.6702 13.6702 13.6702 13.6702 13.6702 13.6702 13.9279
66 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873
67 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978
68 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092
69 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229
70 and over 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393

Table 4            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 9.6999 9.6940 11.3799 11.3799 11.3724
31 9.8693 9.8634 11.5811 11.5845 11.5770 13.6005
32 10.0339 10.0279 11.7788 11.7879 11.7805 13.8421 13.8425
33 10.2248 10.2185 12.0002 12.0081 12.0009 14.0997 14.0998 14.0904
34 10.3916 10.3849 12.2009 12.2156 12.2083 14.3471 14.3513 14.3420 14.3325
35 10.5451 10.5378 12.3906 12.4164 12.4090 14.5895 14.6009 14.5917 14.5823 14.5830
36 10.7495 10.7417 12.6261 12.6490 12.6411 14.8606 14.8706 14.8615 14.8522 14.8523 14.8390
37 10.9008 10.8922 12.8154 12.8516 12.8432 15.1060 15.1244 15.1152 15.1060 15.1120 15.0990 15.0855
38 11.0197 11.0106 12.9771 13.0369 13.0278 15.3371 15.3695 15.3602 15.3509 15.3671 15.3541 15.3408 15.3504
39 11.2444 11.2352 13.2338 13.2872 13.2774 15.6267 15.6554 15.6456 15.6362 15.6506 15.6378 15.6246 15.6336 15.6336
40 11.3555 11.3460 13.3909 13.4730 13.4623 15.8602 15.9057 15.8952 15.8852 15.9114 15.8985 15.8855 15.8986 15.8986 15.8986
41 11.3695 11.3596 13.4512 13.5686 13.5574 16.0015 16.0771 16.0658 16.0551 16.1017 16.0887 16.0756 16.0958 16.0958 16.0958 16.1130
42 11.5244 11.5147 13.6369 13.7907 13.7793 16.2559 16.3250 16.3129 16.3015 16.3441 16.3304 16.3172 16.3363 16.3363 16.3363 16.3529
43 11.5305 11.5209 13.6911 13.8698 13.8582 16.3846 16.4904 16.4773 16.4649 16.5321 16.5175 16.5035 16.5312 16.5312 16.5312 16.5552
44 11.4334 11.4236 13.6542 13.8807 13.8686 16.4536 16.6037 16.5899 16.5764 16.6863 16.6705 16.6556 16.6980 16.6980 16.6980 16.7345
45 11.5719 11.5628 13.8267 14.0602 14.0484 16.6728 16.8686 16.8547 16.8407 16.9433 16.9265 16.9105 16.9509 16.9509 16.9509 16.9860
46 11.4689 11.4595 13.7846 14.0574 14.0458 16.7313 16.9583 16.9440 16.9295 17.0843 17.0661 17.0488 17.1070 17.1070 17.1070 17.1573
47 11.2233 11.2132 13.6162 13.9245 13.9126 16.6749 16.9620 16.9472 16.9321 17.1500 17.1308 17.1120 17.2009 17.2009 17.2009 17.2772
48 11.1774 11.1660 13.6232 14.0750 14.0638 16.8710 17.1688 17.1544 17.1394 17.4224 17.4030 17.3836 17.4688 17.4688 17.4688 17.5426
49 11.0207 11.0093 13.5337 13.9327 13.9213 16.8074 17.1548 17.1406 17.1252 17.4529 17.4332 17.4130 17.5353 17.5353 17.5353 17.6405
50 10.6829 10.6706 13.2151 13.6119 13.5997 16.5858 16.9781 16.9635 16.9477 17.3613 17.3408 17.3198 17.4674 17.4674 17.4674 17.6270
51 10.2167 10.2042 12.9962 13.3905 13.3769 16.4169 16.9855 16.9721 16.9574 17.3933 17.3737 17.3530 17.5974 17.5974 17.5974 17.7552
52 10.0955 10.0862 12.7472 13.0347 13.0214 16.1305 16.6335 16.6201 16.6050 17.1160 17.0970 17.0762 17.3059 17.3059 17.3059 17.5316
53 9.5987 9.5898 12.1593 12.4459 12.4320 15.5506 16.0520 16.0380 16.0220 16.6020 16.5829 16.5619 16.7917 16.7917 16.7917 17.0647
54 9.0955 9.0870 11.5623 11.8477 11.8335 15.2368 15.7358 15.7202 15.7034 16.5182 16.5008 16.4812 16.7112 16.7112 16.7112 17.1432
55 9.1985 9.1985 11.5082 11.6871 11.6771 14.9181 15.2830 15.2681 15.2511 15.9731 15.9557 15.9358 16.1346 16.1346 16.1346 16.5407
56 8.8571 8.8571 11.1058 11.2870 11.2771 14.4437 14.8075 14.7913 14.7721 15.4924 15.4737 15.4521 15.6515 15.6515 15.6515 16.0581
57 8.5098 8.5098 10.6924 10.8866 10.8766 13.9669 14.3290 14.3119 14.2909 15.0085 14.9872 14.9639 15.1635 15.1635 15.1635 15.5703
58 9.2810 9.2810 11.2629 11.2629 11.2629 14.1875 14.4146 14.4023 14.3851 14.9105 14.8894 14.8652 14.9988 14.9988 14.9988 15.3505
59 8.9057 8.9057 10.8252 10.8252 10.8252 13.6803 13.9110 13.8985 13.8806 14.4058 14.3828 14.3554 14.4916 14.4916 14.4916 14.8447
60 8.5182 8.5182 10.3759 10.3759 10.3759 13.1563 13.4041 13.3915 13.3735 13.8981 13.8737 13.8438 13.9824 13.9824 13.9824 14.3363
61 11.3562 11.3562 11.3562 13.8905 13.8905 13.8905 13.8823 14.2128 14.1952 14.1707 14.1707 14.1707 14.1707 14.4079
62 10.8783 10.8783 10.8783 13.3422 13.3422 13.3422 13.3422 13.6793 13.6615 13.6358 13.6358 13.6358 13.6358 13.8778
63 10.3906 10.3906 10.3906 12.7843 12.7843 12.7843 12.7843 13.1473 13.1294 13.1034 13.1034 13.1034 13.1034 13.3502
64 14.0792 14.0792 14.0792 14.0792 14.0792 14.0792 14.0676 14.0676 14.0676 14.0676 14.0676
65 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921
66 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175
67 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450
68 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753
69 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087
70 and over 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455

Table 5            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 9.6843 9.6782 11.3657 11.3661
31 9.8661 9.8601 11.5780 11.5780 11.5703
32 10.0379 10.0319 11.7823 11.7857 11.7781 13.8400
33 10.2048 10.1987 11.9830 11.9922 11.9847 14.0855 14.0860
34 10.3979 10.3914 12.2072 12.2153 12.2079 14.3469 14.3469 14.3374
35 10.5666 10.5598 12.4106 12.4256 12.4182 14.5979 14.6023 14.5928 14.5831
36 10.7213 10.7138 12.6023 12.6287 12.6212 14.8437 14.8553 14.8459 14.8363 14.8370
37 10.9281 10.9200 12.8410 12.8643 12.8563 15.1187 15.1290 15.1197 15.1102 15.1103 15.0968
38 11.0804 11.0717 13.0323 13.0693 13.0607 15.3675 15.3863 15.3770 15.3676 15.3738 15.3604 15.3604
39 11.2014 11.1922 13.1970 13.2580 13.2487 15.6030 15.6361 15.6267 15.6172 15.6337 15.6205 15.6205 15.6303
40 11.4300 11.4206 13.4582 13.5129 13.5029 15.8980 15.9274 15.9174 15.9078 15.9225 15.9095 15.9095 15.9187 15.9187
41 11.4974 11.4878 13.5661 13.6507 13.6399 16.0766 16.1236 16.1130 16.1029 16.1302 16.1171 16.1171 16.1306 16.1306 16.1306
42 11.5102 11.5002 13.6260 13.7468 13.7353 16.2192 16.2970 16.2855 16.2746 16.3228 16.3097 16.3097 16.3304 16.3304 16.3304 16.3482
43 11.6649 11.6552 13.8124 13.9703 13.9588 16.4759 16.5476 16.5353 16.5237 16.5681 16.5542 16.5542 16.5739 16.5739 16.5739 16.5911
44 11.6684 11.6588 13.8652 14.0484 14.0367 16.6049 16.7140 16.7007 16.6881 16.7577 16.7428 16.7428 16.7713 16.7713 16.7713 16.7961
45 11.5664 11.5565 13.8247 14.0568 14.0446 16.6728 16.8272 16.8132 16.7995 16.9126 16.8966 16.8966 16.9401 16.9401 16.9401 16.9776
46 11.7015 11.6922 13.9952 14.2350 14.2231 16.8921 17.0931 17.0790 17.0648 17.1712 17.1540 17.1540 17.1957 17.1957 17.1957 17.2320
47 11.5925 11.5829 13.9489 14.2288 14.2171 16.9490 17.1820 17.1675 17.1528 17.3125 17.2940 17.2940 17.3538 17.3538 17.3538 17.4056
48 11.3373 11.3272 13.7732 14.0895 14.0774 16.8886 17.1830 17.1680 17.1527 17.3770 17.3575 17.3575 17.4486 17.4486 17.4486 17.5269
49 11.2843 11.2728 13.7751 14.2368 14.2255 17.0835 17.3896 17.3751 17.3598 17.6506 17.6309 17.6309 17.7187 17.7187 17.7187 17.7948
50 11.1206 11.1091 13.6808 14.0888 14.0772 17.0166 17.3734 17.3590 17.3434 17.6801 17.6600 17.6600 17.7856 17.7856 17.7856 17.8938
51 10.6488 10.6366 13.2146 13.6207 13.6086 16.6327 17.0385 17.0240 17.0082 17.4354 17.4150 17.4150 17.5678 17.5678 17.5678 17.7327
52 10.1677 10.1553 12.9791 13.3828 13.3694 16.4501 17.0320 17.0187 17.0040 17.4565 17.4370 17.4370 17.6862 17.6862 17.6862 17.8511
53 10.0401 10.0311 12.7217 13.0164 13.0033 16.1551 16.6702 16.6569 16.6419 17.1712 17.1523 17.1523 17.3865 17.3865 17.3865 17.6207
54 9.5296 9.5210 12.1186 12.4125 12.3988 15.5610 16.0746 16.0608 16.0448 16.6449 16.6260 16.6260 16.8604 16.8604 16.8604 17.1427
55 9.0123 9.0042 11.5061 11.7988 11.7848 15.2288 15.7403 15.7250 15.7082 16.5427 16.5255 16.5255 16.7600 16.7600 16.7600 17.2003
56 9.3174 9.3174 11.6819 11.8652 11.8551 15.1728 15.5467 15.5315 15.5141 16.2535 16.2358 16.2358 16.4385 16.4385 16.4385 16.8524
57 8.9663 8.9663 11.2698 11.4556 11.4455 14.6891 15.0620 15.0455 15.0259 15.7640 15.7449 15.7449 15.9483 15.9483 15.9483 16.3628
58 8.6091 8.6091 10.8463 11.0454 11.0353 14.2028 14.5742 14.5567 14.5353 15.2711 15.2493 15.2493 15.4530 15.4530 15.4530 15.8677
59 9.3967 9.3967 11.4307 11.4307 11.4307 14.4319 14.6652 14.6526 14.6351 15.1744 15.1528 15.1528 15.2892 15.2892 15.2892 15.6479
60 9.0085 9.0085 10.9809 10.9809 10.9809 13.9144 14.1517 14.1390 14.1206 14.6604 14.6370 14.6370 14.7760 14.7760 14.7760 15.1362
61 8.6092 8.6092 10.5204 10.5204 10.5204 13.3806 13.6356 13.6228 13.6043 14.1442 14.1193 14.1193 14.2608 14.2608 14.2608 14.6219
62 11.5360 11.5360 11.5360 14.1460 14.1460 14.1460 14.1376 14.4781 14.4601 14.4601 14.4601 14.4601 14.4601 14.7021
63 11.0511 11.0511 11.0511 13.5915 13.5915 13.5915 13.5915 13.9391 13.9209 13.9209 13.9209 13.9209 13.9209 14.1681
64 10.5560 10.5560 10.5560 13.0254 13.0254 13.0254 13.0254 13.3999 13.3816 13.3816 13.3816 13.3816 13.3816 13.6337
65 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712 14.3712
66 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886 13.7886
67 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069 13.2069
68 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274 12.6274
69 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507 12.0507
70 and over 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771 11.4771

Table 6            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 9.6798 9.6736 11.3614
31 9.8502 9.8440 11.5635 11.5639
32 10.0346 10.0286 11.7791 11.7791 11.7712
33 10.2089 10.2028 11.9865 11.9900 11.9822 14.0834
34 10.3776 10.3714 12.1897 12.1991 12.1915 14.3324 14.3329
35 10.5730 10.5665 12.4171 12.4254 12.4178 14.5978 14.5978 14.5881
36 10.7433 10.7363 12.6228 12.6381 12.6305 14.8523 14.8567 14.8471 14.8371
37 10.8994 10.8918 12.8168 12.8438 12.8361 15.1015 15.1134 15.1039 15.0940 15.0948
38 11.1083 11.1001 13.0584 13.0823 13.0741 15.3805 15.3910 15.3816 15.3719 15.3720 15.3720
39 11.2634 11.2545 13.2532 13.2910 13.2823 15.6340 15.6532 15.6438 15.6342 15.6405 15.6405 15.6405
40 11.3863 11.3769 13.4209 13.4832 13.4737 15.8739 15.9077 15.8981 15.8885 15.9054 15.9054 15.9054 15.9154
41 11.5738 11.5642 13.6351 13.6917 13.6816 16.1154 16.1461 16.1359 16.1262 16.1418 16.1418 16.1418 16.1514 16.1514
42 11.6411 11.6313 13.7436 13.8308 13.8198 16.2961 16.3448 16.3340 16.3237 16.3522 16.3522 16.3522 16.3661 16.3661 16.3661
43 11.6525 11.6423 13.8031 13.9272 13.9156 16.4401 16.5201 16.5085 16.4974 16.5472 16.5472 16.5472 16.5685 16.5685 16.5685 16.5869
44 11.8060 11.7961 13.9893 14.1514 14.1397 16.6984 16.7727 16.7602 16.7484 16.7947 16.7947 16.7947 16.8151 16.8151 16.8151 16.8329
45 11.8066 11.7969 14.0404 14.2284 14.2165 16.8276 16.9401 16.9266 16.9138 16.9858 16.9858 16.9858 17.0151 17.0151 17.0151 17.0406
46 11.6990 11.6890 13.9960 14.2339 14.2215 16.8942 17.0529 17.0387 17.0248 17.1413 17.1413 17.1413 17.1859 17.1859 17.1859 17.2245
47 11.8303 11.8210 14.1642 14.4105 14.3985 17.1136 17.3200 17.3057 17.2913 17.4016 17.4016 17.4016 17.4445 17.4445 17.4445 17.4820
48 11.7148 11.7052 14.1134 14.4008 14.3889 17.1689 17.4081 17.3935 17.3785 17.5433 17.5433 17.5433 17.6047 17.6047 17.6047 17.6580
49 11.4506 11.4403 13.9309 14.2556 14.2434 17.1050 17.4070 17.3918 17.3763 17.6071 17.6071 17.6071 17.7004 17.7004 17.7004 17.7808
50 11.3905 11.3789 13.9279 14.3999 14.3885 17.2991 17.6138 17.5991 17.5836 17.8825 17.8825 17.8825 17.9729 17.9729 17.9729 18.0513
51 11.0977 11.0863 13.6919 14.1094 14.0979 17.0741 17.4436 17.4294 17.4138 17.7625 17.7625 17.7625 17.8929 17.8929 17.8929 18.0055
52 10.6111 10.5991 13.2118 13.6276 13.6156 16.6789 17.0987 17.0844 17.0686 17.5101 17.5101 17.5101 17.6682 17.6682 17.6682 17.8387
53 10.1155 10.1033 12.9599 13.3735 13.3602 16.4829 17.0787 17.0655 17.0508 17.5205 17.5205 17.5205 17.7746 17.7746 17.7746 17.9470
54 9.9831 9.9744 12.6954 12.9975 12.9846 16.1804 16.7080 16.6949 16.6799 17.2282 17.2282 17.2282 17.4670 17.4670 17.4670 17.7098
55 9.4586 9.4503 12.0769 12.3784 12.3649 15.5719 16.0983 16.0846 16.0688 16.6897 16.6897 16.6897 16.9287 16.9287 16.9287 17.2206
56 9.1268 9.1185 11.6799 11.9797 11.9655 15.4909 16.0149 15.9992 15.9822 16.8367 16.8367 16.8367 17.0758 17.0758 17.0758 17.5245
57 9.4381 9.4381 11.8603 12.0482 12.0379 15.4362 15.8194 15.8039 15.7862 16.5437 16.5437 16.5437 16.7505 16.7505 16.7505 17.1723
58 9.0772 9.0772 11.4385 11.6290 11.6187 14.9433 15.3258 15.3089 15.2889 16.0456 16.0456 16.0456 16.2530 16.2530 16.2530 16.6755
59 8.7068 8.7068 11.0029 11.2073 11.1969 14.4474 14.8288 14.8110 14.7891 15.5443 15.5443 15.5443 15.7521 15.7521 15.7521 16.1750
60 9.5134 9.5134 11.6034 11.6034 11.6034 14.6870 14.9270 14.9141 14.8962 15.4504 15.4504 15.4504 15.5895 15.5895 15.5895 15.9554
61 9.1140 9.1140 11.1431 11.1431 11.1431 14.1607 14.4050 14.3920 14.3732 14.9286 14.9286 14.9286 15.0705 15.0705 15.0705 15.4380
62 8.7060 8.7060 10.6745 10.6745 10.6745 13.6201 13.8829 13.8698 13.8509 14.4070 14.4070 14.4070 14.5515 14.5515 14.5515 14.9201
63 11.7295 11.7295 11.7295 14.4203 14.4203 14.4203 14.4118 14.7628 14.7628 14.7628 14.7628 14.7628 14.7628 15.0098
64 11.2375 11.2375 11.2375 13.8583 13.8583 13.8583 13.8583 14.2168 14.2168 14.2168 14.2168 14.2168 14.2168 14.4692
65 10.7347 10.7347 10.7347 13.2838 13.2838 13.2838 13.2838 13.6702 13.6702 13.6702 13.6702 13.6702 13.6702 13.9279
66 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873 14.6873
67 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978 14.0978
68 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092 13.5092
69 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229 12.9229
70 and over 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393 12.3393

Table 7            Pension valuation factors (PF) for sitting members

Age

Period of service (years)

0

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15+

up to 30 17.3427 17.3388 22.1132 23.6076 23.6041
31 17.1128 17.1087 21.8388 23.3305 23.3270 23.3231
32 16.8755 16.8713 21.5563 23.0466 23.0430 23.0390 23.9148
33 16.6342 16.6295 21.2682 22.7571 22.7534 22.7494 23.6244 23.6196
34 16.3947 16.3895 20.9801 22.4646 22.4608 22.4566 23.3299 23.3250 23.3195
35 16.1441 16.1381 20.6806 22.1632 22.1592 22.1548 23.0275 23.0224 23.0168 25.2605
36 15.8889 15.8821 20.3755 21.8558 21.8514 21.8469 22.7186 22.7135 22.7077 24.9502 24.9451
37 15.6432 15.6354 20.0771 21.5488 21.5439 21.5388 22.4075 22.4022 22.3963 24.6356 24.6304 24.6246
38 15.3791 15.3704 19.7608 21.2297 21.2241 21.2184 22.0858 22.0802 22.0741 24.3123 24.3070 24.3010 24.5598
39 15.1122 15.1026 19.4404 20.9056 20.8993 20.8928 21.7585 21.7523 21.7459 23.9827 23.9773 23.9712 24.2299 24.2299
40 14.8714 14.8611 19.1413 20.5897 20.5824 20.5751 21.4344 21.4275 21.4204 23.6513 23.6457 23.6395 23.8973 23.8973 23.8973
41 14.5382 14.5268 18.7411 20.1854 20.1774 20.1690 21.0259 21.0181 21.0102 23.2388 23.2329 23.2264 23.4841 23.4841 23.4841 23.9410
42 14.2005 14.1882 18.3342 19.7741 19.7652 19.7560 20.6100 20.6011 20.5921 22.8180 22.8115 22.8048 23.0622 23.0622 23.0622 23.5189
43 13.9188 13.9061 17.9747 19.3824 19.3730 19.3628 20.2048 20.1947 20.1846 22.3981 22.3908 22.3834 22.6391 22.6391 22.6391 23.0942
44 13.5686 13.5552 17.5521 18.9551 18.9448 18.9338 19.7729 19.7617 19.7501 21.9601 21.9520 21.9437 22.1992 22.1992 22.1992 22.6540
45 13.2131 13.1987 17.1219 18.5199 18.5088 18.4967 19.3328 19.3206 19.3077 21.5134 21.5043 21.4949 21.7502 21.7502 21.7502 22.2047
46 12.9792 12.9643 16.7974 18.1332 18.1216 18.1088 18.9225 18.9094 18.8953 21.0773 21.0669 21.0563 21.3082 21.3082 21.3082 21.7596
47 12.6068 12.5910 16.3474 17.6789 17.6667 17.6531 18.4638 18.4495 18.4343 20.6124 20.6008 20.5888 20.8405 20.8405 20.8405 21.2916
48 12.2293 12.2114 15.8896 17.2159 17.2028 17.1884 17.9962 17.9808 17.9641 20.1382 20.1256 20.1122 20.3637 20.3637 20.3637 20.8146
49 12.1144 12.0964 15.6632 16.8643 16.8508 16.8358 17.6004 17.5845 17.5667 19.6956 19.6821 19.6675 19.9119 19.9119 19.9119 20.3567
50 11.7168 11.6974 15.1828 16.3803 16.3659 16.3497 17.1118 17.0950 17.0762 19.2016 19.1868 19.1709 19.4154 19.4154 19.4154 19.8600
51 11.1695 11.1497 14.5292 15.7215 15.7055 15.6885 16.4478 16.4299 16.4103 18.5321 18.5164 18.4992 18.7436 18.7436 18.7436 19.1879
52 11.1708 11.1562 14.3654 15.3021 15.2864 15.2690 15.9409 15.9230 15.9028 17.9347 17.9188 17.9008 18.1304 18.1304 18.1304 18.5623
53 10.5856 10.5716 13.6734 14.6086 14.5922 14.5731 15.2429 15.2242 15.2028 17.2332 17.2167 17.1980 17.4279 17.4279 17.4279 17.8599
54 9.9942 9.9808 12.9720 13.9039 13.8872 13.8669 14.5337 14.5130 14.4905 16.5182 16.5008 16.4812 16.7112 16.7112 16.7112 17.1432
55 10.3630 10.3630 13.1319 13.7146 13.7029 13.6867 14.1745 14.1546 14.1318 15.9731 15.9557 15.9358 16.1346 16.1346 16.1346 16.5407
56 9.9503 9.9503 12.6510 13.2413 13.2296 13.2128 13.6992 13.6775 13.6518 15.4924 15.4737 15.4521 15.6515 15.6515 15.6515 16.0581
57 9.5321 9.5321 12.1562 12.7663 12.7545 12.7376 13.2220 13.1991 13.1711 15.0085 14.9872 14.9639 15.1635 15.1635 15.1635 15.5703
58 10.8695 10.8695 13.2058 13.2058 13.2058 13.1980 13.5020 13.4854 13.4625 14.9105 14.8894 14.8652 14.9988 14.9988 14.9988 15.3505
59 10.4238 10.4238 12.6870 12.6870 12.6870 12.6870 12.9958 12.9791 12.9551 14.4058 14.3828 14.3554 14.4916 14.4916 14.4916 14.8447
60 9.9648 9.9648 12.1556 12.1556 12.1556 12.1556 12.4875 12.4707 12.4465 13.8981 13.8737 13.8438 13.9824 13.9824 13.9824 14.3363
61 13.3112 13.3112 13.3112 13.3112 13.3112 13.3112 13.3002 14.2128 14.1952 14.1707 14.1707 14.1707 14.1707 14.4079
62 12.7486 12.7486 12.7486 12.7486 12.7486 12.7486 12.7486 13.6793 13.6615 13.6358 13.6358 13.6358 13.6358 13.8778
63 12.1792 12.1792 12.1792 12.1792 12.1792 12.1792 12.1792 13.1473 13.1294 13.1034 13.1034 13.1034 13.1034 13.3502
64 14.0792 14.0792 14.0792 14.0792 14.0792 14.0792 14.0676 14.0676 14.0676 14.0676 14.0676
65 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921 13.4921
66 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175 12.9175
67 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450 12.3450
68 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753 11.7753
69 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087 11.2087
70 and over 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455 10.6455

Table 55          Deferred pension valuation factors for deferring members

Age

Male

Female

Age

Male

Female

up to 30 14.59745 14.46933 43 18.24616 18.16568
31 14.86353 14.73320 44 18.50649 18.45138
32 15.13438 15.00182 45 18.76984 18.74113
33 15.41008 15.27529 46 19.03623 19.03498
34 15.69071 15.55367 47 19.30568 19.33296
35 15.97638 15.83707 48 19.57819 19.63513
36 16.26715 16.12556 49 19.85378 19.94154
37 16.56313 16.41925 50 20.13246 20.25223
38 16.86440 16.71821 51 20.25194 20.56725
39 17.17106 17.02256 52 20.36734 20.88620
40 17.48319 17.33237 53 20.47824 21.20906
41 17.73453 17.60622 54 20.58414 21.53580
42 17.98885 17.88397 55 20.68461 21.86636

Table 56          Pension valuation factors for pensions in payment

Retirement pensioner

Invalidity pensioner

Spouse pensioner

Age

Male

Female

Male

Female

Male

Female

up to 30 35.72767 35.57948 34.96075 34.54642 32.09652 34.21186
31 35.39486 35.23945 34.61381 34.18535 31.70457 33.84570
32 35.05550 34.89309 34.25968 33.81769 31.30495 33.47289
33 34.70929 34.54007 33.89840 33.44330 30.89722 33.09328
34 34.35606 34.18043 33.52980 33.06183 30.48139 32.70698
35 33.99583 33.81384 33.15406 32.67313 30.05727 32.31385
36 33.62829 33.44037 32.77088 32.27729 29.62468 31.91376
37 33.25346 33.05988 32.38042 31.87416 29.18373 31.50656
38 32.87119 32.67225 31.98254 31.46362 28.73424 31.09212
39 32.48146 32.27730 31.57707 31.04573 28.27620 30.67048
40 32.08410 31.87501 31.16415 30.62047 27.80988 30.24168
41 31.59553 31.41073 30.63973 30.11552 27.33501 29.80571
42 31.09645 30.93714 30.10445 29.60100 26.85184 29.36228
43 30.58665 30.45402 29.55808 29.07710 26.36083 28.91134
44 30.06609 29.96165 29.00041 28.54323 25.86207 28.45334
45 29.53448 29.46012 28.43149 27.99942 25.35567 27.98835
46 28.99187 28.94929 27.85152 27.44574 24.84216 27.51646
47 28.43810 28.42926 27.26038 26.88249 24.32157 27.03800
48 27.87316 27.90035 26.65826 26.30976 23.79406 26.55333
49 27.29714 27.36264 26.04505 25.72825 23.26028 26.06240
50 26.70991 26.81621 25.42082 25.13828 22.72070 25.56550
51 25.91573 26.26117 24.54507 24.54016 22.17549 25.06285
52 25.10475 25.69783 23.65259 23.93422 21.62527 24.55494
53 24.27687 25.12652 22.74397 23.32075 21.07054 24.04175
54 23.43196 24.54731 21.81998 22.70069 20.51165 23.52295
55 22.57013 23.96042 20.88183 22.07424 19.94977 22.99868
56 22.00671 23.43217 20.31381 21.52742 19.38607 22.46881
57 21.43518 22.89766 19.74163 20.97601 18.82167 21.93337
58 20.85600 22.35711 19.16579 20.42004 18.25809 21.39229
59 20.27054 21.80962 18.58859 19.85934 17.69327 20.84568
60 19.67942 21.25506 18.01113 19.29374 17.12766 20.29345
61 19.08336 20.69385 17.43434 18.72358 16.56158 19.73582
62 18.48296 20.12631 16.85915 18.14932 15.99513 19.17328
63 17.87873 19.55310 16.28664 17.57150 15.42824 18.60608
64 17.27249 18.97472 15.71735 16.99115 14.86554 18.03461
65 16.66487 18.39164 15.15203 16.40868 14.30751 17.45903
66 16.05638 17.80424 14.59150 15.82478 13.75461 16.87950
67 15.44731 17.21290 14.03631 15.23991 13.20695 16.29621
68 14.83807 16.61800 13.48705 14.65464 12.66450 15.70855
69 14.23108 16.01966 12.94255 14.06774 12.13086 15.11979
70 13.62709 15.41865 12.40319 13.48026 11.60691 14.53064
71 13.02681 14.81568 11.86903 12.89282 11.09352 13.94178
72 12.43097 14.21160 11.34007 12.30632 10.59180 13.35433
73 11.83994 13.60764 10.81606 11.72172 10.10251 12.76960
74 11.25426 13.00276 10.29755 11.14323 9.61777 12.18681
75 10.67509 12.39749 9.78530 10.57275 9.13803 11.60694
76 10.10482 11.79222 9.28099 10.01223 8.66480 11.03098
77 9.54625 11.18732 8.78694 9.46433 8.19974 10.46023
78 9.00202 10.58275 8.30509 8.93159 7.74420 9.89585
79 8.47399 9.98853 7.83902 8.41436 7.30403 9.34252
80 7.96379 9.40671 7.39030 7.91404 6.88031 8.80247
81 7.47253 8.83921 6.96021 7.43073 6.47364 8.27783
82 7.00088 8.28599 6.54980 6.96362 6.08405 7.77065
83 6.54897 7.74897 6.15989 6.51283 5.71122 7.28294
84 6.12206 7.23038 5.79274 6.08224 5.36119 6.81703
85 5.71972 6.73145 5.44812 5.67323 5.03319 6.37379
86 5.34105 6.25350 5.12570 5.28794 4.72626 5.95396
87 4.98483 5.79159 4.82485 4.92888 4.43904 5.55798
88 4.64910 5.34382 4.54525 4.59914 4.16953 5.18640
89 4.33337 4.92159 4.27644 4.29485 3.91763 4.83412
90 4.03716 4.52537 4.01595 4.01532 3.68342 4.50101
91 3.75971 4.15538 3.75971 3.75877 3.46704 4.18656
92 3.50088 3.81184 3.50088 3.52148 3.26953 3.89023
93 3.26042 3.49571 3.26042 3.29721 3.09311 3.61149
94 3.03664 3.19902 3.03664 3.08080 2.92827 3.34864
95 and over 2.82879 2.91996 2.82879 2.86542 2.77409 3.09991

Table 57          Valuation factors for associate immediate annuities

Age

Male

Female

Age

Male

Female

up to 30 33.6504 34.8275 48 25.8164 27.3746
31 33.2822 34.4733 49 25.3031 26.8915
32 32.9068 34.1127 50 24.7815 26.4014
33 32.5240 33.7454 51 24.2518 25.9044
34 32.1334 33.3715 52 23.7141 25.4007
35 31.7352 32.9905 53 23.1684 24.8907
36 31.3290 32.6025 54 22.6143 24.3741
37 30.9148 32.2075 55 22.0520 23.8512
38 30.4925 31.8052 56 21.4816 23.3220
39 30.0622 31.3956 57 20.9031 22.7867
40 29.6237 30.9786 58 20.3172 22.2454
41 29.1768 30.5544 59 19.7252 21.6972
42 28.7217 30.1226 60 19.1278 21.1420
43 28.2584 29.6829 61 18.5259 20.5802
44 27.7868 29.2359 62 17.9201 20.0122
45 27.3068 28.7816 63 17.3108 19.4385
46 26.8184 28.3198 64 16.7002 18.8598
47 26.3215 27.8507 65 16.0888 18.2765
66 15.4773 17.6890 81 6.9583 8.7346
67 14.8658 17.0976 82 6.5001 8.1831
68 14.2549 16.5028 83 6.0627 7.6479
69 13.6471 15.9046 84 5.6514 7.1314
70 13.0432 15.3039 85 5.2655 6.6346
71 12.4439 14.7013 86 4.9040 6.1591
72 11.8501 14.0978 87 4.5655 5.6997
73 11.2620 13.4945 88 4.2476 5.2545
74 10.6802 12.8903 89 3.9498 4.8351
75 10.1060 12.2859 90 3.6715 4.4419
76 9.5417 11.6815 91 3.4119 4.0754
77 8.9903 11.0776 92 3.1708 3.7357
78 8.4546 10.4740 93 2.9479 3.4239
79 7.9363 9.8810 94 2.7415 3.1323
80 7.4372 9.3006 95 and over 2.5506 2.8591

Table 58          Pension valuation factors for associate deferred annuities

Retirement pensioner

Invalidity pensioner

Age

Male

Female

Male

Female

up to 30 33.6504 34.8275 32.3613 33.5408
31 33.2822 34.4733 31.9711 33.1617
32 32.9068 34.1127 31.5728 32.7760
33 32.5240 33.7454 31.1664 32.3836
34 32.1334 33.3715 30.7519 31.9840
35 31.7352 32.9905 30.3296 31.5771
36 31.3290 32.6025 29.8992 31.1631
37 30.9148 32.2075 29.4609 30.7417
38 30.4925 31.8052 29.0147 30.3129
39 30.0622 31.3956 28.5603 29.8768
40 29.6237 30.9786 28.0982 29.4334
41 29.1768 30.5544 27.6280 28.9829
42 28.7217 30.1226 27.1502 28.5251
43 28.2584 29.6829 26.6643 28.0603
44 27.7868 29.2359 26.1702 27.5876
45 27.3068 28.7816 25.6682 27.1073
46 26.8184 28.3198 25.1585 26.6192
47 26.3215 27.8507 24.6411 26.1238
48 25.8164 27.3746 24.1164 25.6211
49 25.3031 26.8915 23.5841 25.1119
50 24.7815 26.4014 23.0443 24.5964
51 24.2518 25.9044 22.4977 24.0748
52 23.7141 25.4007 21.9444 23.5473
53 23.1684 24.8907 21.3848 23.0140
54 22.6143 24.3741 20.8195 22.4759
55 22.0520 23.8512 20.2494 21.9327
56 21.4816 23.3220 19.6745 21.3850
57 20.9031 22.7867 19.0959 20.8329
58 20.3172 22.2454 18.5140 20.2763
59 19.7252 21.6972 17.9314 19.7151
60 19.1278 21.1420 17.3493 19.1491
61 18.5259 20.5802 16.7686 18.5786
62 17.9201 20.0122 16.1903 18.0042
63 17.3108 19.4385 15.6157 17.4263
64 16.7002 18.8598 15.0452 16.8461
65 16.0888 18.2765 14.4796 16.2639
66 15.4773 17.6890 13.9200 15.6804
67 14.8658 17.0976 13.3667 15.0961
68 14.2549 16.5028 12.8204 14.5116
69 13.6471 15.9046 12.2799 13.9256
70 13.0432 15.3039 11.7456 13.3391
71 12.4439 14.7013 11.2174 12.7528
72 11.8501 14.0978 10.6953 12.1676
73 11.2620 13.4945 10.1791 11.5844
74 10.6802 12.8903 9.6693 11.0075
75 10.1060 12.2859 9.1667 10.4388
76 9.5417 11.6815 8.6729 9.8803
77 8.9903 11.0776 8.1904 9.3346
78 8.4546 10.4740 7.7211 8.8043
79 7.9363 9.8810 7.2689 8.2896
80 7.4372 9.3006 6.8351 7.7920
81 6.9583 8.7346 6.4211 7.3115
82 6.5001 8.1831 6.0277 6.8474
83 6.0627 7.6479 5.6558 6.3996
84 5.6514 7.1314 5.3075 5.9722
85 5.2655 6.6346 4.9823 5.5665
86 4.9040 6.1591 4.6798 5.1846
87 4.5655 5.6997 4.3991 4.8291
88 4.2476 5.2545 4.1398 4.5030
89 3.9498 4.8351 3.8908 4.2026
90 3.6715 4.4419 3.6496 3.9272
91 3.4119 4.0754 3.4119 3.6750
92 3.1708 3.7357 3.1708 3.4425
93 2.9479 3.4239 2.9479 3.2234
94 2.7415 3.1323 2.7415 3.0128
95 and over 2.5506 2.8591 2.5506 2.8039

Schedule 2        Annuity Factors for non‑member spouses

(subsections 2.02 (2) and 2.03 (1))

Table 1            Factors for determining associate immediate annuities (subsection 2.02 (2), step 2)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

Up to 30 33.6504 34.8275 50 24.7815 26.4014
31 33.2822 34.4733 51 24.2518 25.9044
32 32.9068 34.1127 52 23.7141 25.4007
33 32.5240 33.7454 53 23.1684 24.8907
34 32.1334 33.3715 54 22.6143 24.3741
35 31.7352 32.9905 55 22.0520 23.8512
36 31.3290 32.6025 56 21.4816 23.3220
37 30.9148 32.2075 57 20.9031 22.7867
38 30.4925 31.8052 58 20.3172 22.2454
39 30.0622 31.3956 59 19.7252 21.6972
40 29.6237 30.9786 60 19.1278 21.1420
41 29.1768 30.5544 61 18.5259 20.5802
42 28.7217 30.1226 62 17.9201 20.0122
43 28.2584 29.6829 63 17.3108 19.4385
44 27.7868 29.2359 64 16.7002 18.8598
45 27.3068 28.7816 65 16.0888 18.2765
46 26.8184 28.3198 66 15.4773 17.6890
47 26.3215 27.8507 67 14.8658 17.0976
48 25.8164 27.3746 68 14.2549 16.5028
49 25.3031 26.8915 69 13.6471 15.9046
70 13.0432 15.3039 83 6.0627 7.6479
71 12.4439 14.7013 84 5.6514 7.1314
72 11.8501 14.0978 85 5.2655 6.6346
73 11.2620 13.4945 86 4.9040 6.1591
74 10.6802 12.8903 87 4.5655 5.6997
75 10.1060 12.2859 88 4.2476 5.2545
76 9.5417 11.6815 89 3.9498 4.8351
77 8.9903 11.0776 90 3.6715 4.4419
78 8.4546 10.4740 91 3.4119 4.0754
79 7.9363 9.8810 92 3.1708 3.7357
80 7.4372 9.3006 93 2.9479 3.4239
81 6.9583 8.7346 94 2.7415 3.1323
82 6.5001 8.1831 95 and over 2.5506 2.8591

Table 2A          Factors for determining associate deferred annuities — age (subsection 2.03 (1), step 3)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

Up to 30 33.6504 34.8275 38 30.4925 31.8052
31 33.2822 34.4733 39 30.0622 31.3956
32 32.9068 34.1127 40 29.6237 30.9786
33 32.5240 33.7454 41 29.1768 30.5544
34 32.1334 33.3715 42 28.7217 30.1226
35 31.7352 32.9905 43 28.2584 29.6829
36 31.3290 32.6025 44 27.7868 29.2359
37 30.9148 32.2075 45 27.3068 28.7816
46 26.8184 28.3198 71 12.4439 14.7013
47 26.3215 27.8507 72 11.8501 14.0978
48 25.8164 27.3746 73 11.2620 13.4945
49 25.3031 26.8915 74 10.6802 12.8903
50 24.7815 26.4014 75 10.1060 12.2859
51 24.2518 25.9044 76 9.5417 11.6815
52 23.7141 25.4007 77 8.9903 11.0776
53 23.1684 24.8907 78 8.4546 10.4740
54 22.6143 24.3741 79 7.9363 9.8810
55 22.0520 23.8512 80 7.4372 9.3006
56 21.4816 23.3220 81 6.9583 8.7346
57 20.9031 22.7867 82 6.5001 8.1831
58 20.3172 22.2454 83 6.0627 7.6479
59 19.7252 21.6972 84 5.6514 7.1314
60 19.1278 21.1420 85 5.2655 6.6346
61 18.5259 20.5802 86 4.9040 6.1591
62 17.9201 20.0122 87 4.5655 5.6997
63 17.3108 19.4385 88 4.2476 5.2545
64 16.7002 18.8598 89 3.9498 4.8351
65 16.0888 18.2765 90 3.6715 4.4419
66 15.4773 17.6890 91 3.4119 4.0754
67 14.8658 17.0976 92 3.1708 3.7357
68 14.2549 16.5028 93 2.9479 3.4239
69 13.6471 15.9046 94 2.7415 3.1323
70 13.0432 15.3039 95 and over 2.5506 2.8591

Table 2B         Factors for determining associate deferred annuities — permanent incapacity (subsection 2.03 (1), step 3)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

30 32.3613 33.5408 53 21.3848 23.0140
31 31.9711 33.1617 54 20.8195 22.4759
32 31.5728 32.7760 55 20.2494 21.9327
33 31.1664 32.3836 56 19.6745 21.3850
34 30.7519 31.9840 57 19.0959 20.8329
35 30.3296 31.5771 58 18.5140 20.2763
36 29.8992 31.1631 59 17.9314 19.7151
37 29.4609 30.7417 60 17.3493 19.1491
38 29.0147 30.3129 61 16.7686 18.5786
39 28.5603 29.8768 62 16.1903 18.0042
40 28.0982 29.4334 63 15.6157 17.4263
41 27.6280 28.9829 64 15.0452 16.8461
42 27.1502 28.5251 65 14.4796 16.2639
43 26.6643 28.0603 66 13.9200 15.6804
44 26.1702 27.5876 67 13.3667 15.0961
45 25.6682 27.1073 68 12.8204 14.5116
46 25.1585 26.6192 69 12.2799 13.9256
47 24.6411 26.1238 70 11.7456 13.3391
48 24.1164 25.6211 71 11.2174 12.7528
49 23.5841 25.1119 72 10.6953 12.1676
50 23.0443 24.5964 73 10.1791 11.5844
51 22.4977 24.0748 74 9.6693 11.0075
52 21.9444 23.5473 75 9.1667 10.4388
76 8.6729 9.8803 86 4.6798 5.1846
77 8.1904 9.3346 87 4.3991 4.8291
78 7.7211 8.8043 88 4.1398 4.5030
79 7.2689 8.2896 89 3.8908 4.2026
80 6.8351 7.7920 90 3.6496 3.9272
81 6.4211 7.3115 91 3.4119 3.6750
82 6.0277 6.8474 92 3.1708 3.4425
83 5.6558 6.3996 93 2.9479 3.2234
84 5.3075 5.9722 94 2.7415 3.0128
85 4.9823 5.5665 95 and over 2.5506 2.8039

Schedule 3        Annuity Factors for member spouses

(subsections 2.08 (3) and 2.08 (5))

Table 1            Factors for associate immediate annuities (subsection 2.08 (3), step 2)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

Up to 30 33.6504 34.8275 50 24.7815 26.4014
31 33.2822 34.4733 51 24.2518 25.9044
32 32.9068 34.1127 52 23.7141 25.4007
33 32.5240 33.7454 53 23.1684 24.8907
34 32.1334 33.3715 54 22.6143 24.3741
35 31.7352 32.9905 55 22.0520 23.8512
36 31.3290 32.6025 56 21.4816 23.3220
37 30.9148 32.2075 57 20.9031 22.7867
38 30.4925 31.8052 58 20.3172 22.2454
39 30.0622 31.3956 59 19.7252 21.6972
40 29.6237 30.9786 60 19.1278 21.1420
41 29.1768 30.5544 61 18.5259 20.5802
42 28.7217 30.1226 62 17.9201 20.0122
43 28.2584 29.6829 63 17.3108 19.4385
44 27.7868 29.2359 64 16.7002 18.8598
45 27.3068 28.7816 65 16.0888 18.2765
46 26.8184 28.3198 66 15.4773 17.6890
47 26.3215 27.8507 67 14.8658 17.0976
48 25.8164 27.3746 68 14.2549 16.5028
49 25.3031 26.8915 69 13.6471 15.9046
70 13.0432 15.3039 83 6.0627 7.6479
71 12.4439 14.7013 84 5.6514 7.1314
72 11.8501 14.0978 85 5.2655 6.6346
73 11.2620 13.4945 86 4.9040 6.1591
74 10.6802 12.8903 87 4.5655 5.6997
75 10.1060 12.2859 88 4.2476 5.2545
76 9.5417 11.6815 89 3.9498 4.8351
77 8.9903 11.0776 90 3.6715 4.4419
78 8.4546 10.4740 91 3.4119 4.0754
79 7.9363 9.8810 92 3.1708 3.7357
80 7.4372 9.3006 93 2.9479 3.4239
81 6.9583 8.7346 94 2.7415 3.1323
82 6.5001 8.1831 95 and over 2.5506 2.8591

Table 2A          Factors for associate deferred annuities — age (subsection 2.08 (5), step 2)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

Up to 30 33.6504 34.8275 38 30.4925 31.8052
31 33.2822 34.4733 39 30.0622 31.3956
32 32.9068 34.1127 40 29.6237 30.9786
33 32.5240 33.7454 41 29.1768 30.5544
34 32.1334 33.3715 42 28.7217 30.1226
35 31.7352 32.9905 43 28.2584 29.6829
36 31.3290 32.6025 44 27.7868 29.2359
37 30.9148 32.2075 45 27.3068 28.7816
46 26.8184 28.3198 71 12.4439 14.7013
47 26.3215 27.8507 72 11.8501 14.0978
48 25.8164 27.3746 73 11.2620 13.4945
49 25.3031 26.8915 74 10.6802 12.8903
50 24.7815 26.4014 75 10.1060 12.2859
51 24.2518 25.9044 76 9.5417 11.6815
52 23.7141 25.4007 77 8.9903 11.0776
53 23.1684 24.8907 78 8.4546 10.4740
54 22.6143 24.3741 79 7.9363 9.8810
55 22.0520 23.8512 80 7.4372 9.3006
56 21.4816 23.3220 81 6.9583 8.7346
57 20.9031 22.7867 82 6.5001 8.1831
58 20.3172 22.2454 83 6.0627 7.6479
59 19.7252 21.6972 84 5.6514 7.1314
60 19.1278 21.1420 85 5.2655 6.6346
61 18.5259 20.5802 86 4.9040 6.1591
62 17.9201 20.0122 87 4.5655 5.6997
63 17.3108 19.4385 88 4.2476 5.2545
64 16.7002 18.8598 89 3.9498 4.8351
65 16.0888 18.2765 90 3.6715 4.4419
66 15.4773 17.6890 91 3.4119 4.0754
67 14.8658 17.0976 92 3.1708 3.7357
68 14.2549 16.5028 93 2.9479 3.4239
69 13.6471 15.9046 94 2.7415 3.1323
70 13.0432 15.3039 95 and over 2.5506 2.8591

Table 2B         Factors for associated deferred annuities — permanent incapacity (subsection 2.08 (5), step 2)

Age (completed years)

Male

Female

Age (completed years)

Male

Female

30 32.3613 33.5408 53 21.3848 23.0140
31 31.9711 33.1617 54 20.8195 22.4759
32 31.5728 32.7760 55 20.2494 21.9327
33 31.1664 32.3836 56 19.6745 21.3850
34 30.7519 31.9840 57 19.0959 20.8329
35 30.3296 31.5771 58 18.5140 20.2763
36 29.8992 31.1631 59 17.9314 19.7151
37 29.4609 30.7417 60 17.3493 19.1491
38 29.0147 30.3129 61 16.7686 18.5786
39 28.5603 29.8768 62 16.1903 18.0042
40 28.0982 29.4334 63 15.6157 17.4263
41 27.6280 28.9829 64 15.0452 16.8461
42 27.1502 28.5251 65 14.4796 16.2639
43 26.6643 28.0603 66 13.9200 15.6804
44 26.1702 27.5876 67 13.3667 15.0961
45 25.6682 27.1073 68 12.8204 14.5116
46 25.1585 26.6192 69 12.2799 13.9256
47 24.6411 26.1238 70 11.7456 13.3391
48 24.1164 25.6211 71 11.2174 12.7528
49 23.5841 25.1119 72 10.6953 12.1676
50 23.0443 24.5964 73 10.1791 11.5844
51 22.4977 24.0748 74 9.6693 11.0075
52 21.9444 23.5473 75 9.1667 10.4388
76 8.6729 9.8803 86 4.6798 5.1846
77 8.1904 9.3346 87 4.3991 4.8291
78 7.7211 8.8043 88 4.1398 4.5030
79 7.2689 8.2896 89 3.8908 4.2026
80 6.8351 7.7920 90 3.6496 3.9272
81 6.4211 7.3115 91 3.4119 3.6750
82 6.0277 6.8474 92 3.1708 3.4425
83 5.6558 6.3996 93 2.9479 3.2234
84 5.3075 5.9722 94 2.7415 3.0128
85 4.9823 5.5665 95 and over 2.5506 2.8039

Note

1.       Notified in the Commonwealth of Australia Gazette on 18 May 2004.

Notes to the Superannuation (Family Law - Parliamentary Contributory Superannuation Act 1948) Orders 2004

Note 1

The Superannuation (Family Law — Parliamentary Contributory Superannuation Act 1948) Orders 2004 (in force under section 22CK of the Parliamentary Contributory Superannuation Act 1948) as shown in this compilation comprise Statutory Rules 2004 No. 97 amended as indicated in the Tables below.

Under the Legislative Instruments Act 2003, which came into force on 1 January 2005, it is a requirement for all non-exempt legislative instruments to be registered on the Federal Register of Legislative Instruments.

Table of Instruments

Title

Date of notification
in Gazette or FRLI registration

Date of
commencement

Application, saving or
transitional provisions

Superannuation (Family Law — Parliamentary Contributory Superannuation Act 1948) Orders 2004 18 May 2004 (see Gazette 2004, No.S160)

18 May 2004 (Part 1)

18 May 2004 (the remainder)

Superannuation (Family Law — Parliamentary Contributory Superannuation Act 1948) Amendment Orders 2005 (No. 1) 27 June 2005 (see F2005L01593) 28 June 2005

Table of Amendments

ad. = added or inserted      am. = amended      rep. = repealed      rs. = repealed and substituted

Provision affected

How affected

Part 1
S. 1.03.................................... am. 2005 No. 1
Part 2
S. 2.01.................................... rs. 2005 No. 1
S. 2.01A ad. 2005 No. 1
Actions
Download as PDF Download as Word Document


Cases Citing This Decision

0

Cases Cited

0

Statutory Material Cited

0