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Judges’ Pensions Order 2013

Authoritative Version
Orders/Other as made
This order contains the calculation methods and factors in relation to new superannuation splitting arrangements for Federal Judges.
Administered by: Finance
Exempt from sunsetting by the Legislation (Exemptions and Other Matters) Regulation 2015 s11 item 06
Registered 14 Mar 2013
Tabling HistoryDate
Tabled HR18-Mar-2013
Tabled Senate18-Mar-2013

Commonwealth Coat of Arms

 

 

Judges’ Pensions Order 2013

I, Penelope Ying Yen Wong, Minister for Finance and Deregulation, make the following order under the Judges’ Pensions Act 1968.

Dated:  12 March 2013

Penelope Ying Yen Wong

Minister for Finance and Deregulation

 

  

  

  


Contents

Part 1—Preliminary                                                                                                                                        1

1............ Name of order............................................................................................................... 1

2............ Commencement............................................................................................................. 1

3............ Authority....................................................................................................................... 1

4............ Definitions..................................................................................................................... 1

Part 2—Scheme value and pension rates                                                                                           2

5............ Scheme value—member spouse with no surcharge debt............................................... 2

6............ Scheme value—member spouse with surcharge debt.................................................... 2

7............ Associate immediate pension for non‑member spouse.................................................. 2

8............ Associate deferred pension............................................................................................ 3

9............ Associate deferred pension—death of non‑member spouse.......................................... 6

10.......... Operative time during growth phase—reduction of associate deferred pension............ 6

11.......... Operative time during payment phase—reduction of standard pension......................... 9

Schedule 1—Methods and factors                                                                                        14

Part 1—Methods                                                                                                                                             14

Division 1.1—Interpretation                                                                                                             14

1............ Definitions................................................................................................................... 14

Division 1.2—Interests in the growth phase                                                                             15

2............ Methods and factors for interests of members in the scheme...................................... 15

Division 1.3—Interests in the payment phase                                                                          19

3............ Methods and factors for interests of members in the scheme...................................... 19

Division 1.4—Factors                                                                                                                           20

Part 2—Factors                                                                                                                                                38

 


Part 1Preliminary

  

1  Name of order

                   This order is the Judges’ Pensions Order 2013.

2  Commencement

                   This order commences on 15 March 2013.

3  Authority

                   This order is made under the Judges’ Pensions Act 1968.

4  Definitions

                   In this order:

Act means the Judges’ Pensions Act 1968.

Federal Court Judge’s salary means the annual salary of a Judge of the Federal Court of Australia, other than the Chief Justice.

Table 1 means Table 1 of Part 2 of Schedule 1.

Table 2 means Table 2 of Part 2 of Schedule 1.

Table 3 means Table 3 of Part 2 of Schedule 1.

Treasury bond rate means:

                     (a)  if any Treasury bonds with a 10 year term were issued on the last working day of the financial year ending immediately before the period for which the increase is being calculated—the annual yield on those bonds; or

                     (b)  in any other case—the annual yield on Treasury bonds with a 10 year term, as published by the Reserve Bank of Australia for that day.

Note:          For the definitions of the following terms, see subsection 4(1) of the Act:

(a)    associate deferred pension;

(b)    associate immediate pension;

(c)    member spouse;

(d)    operative time;

(e)    original interest;

(f)    retirement pension;

(g)    standard pension;

(h)    transfer amount.

Part 2Scheme value and pension rates

  

5  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 subsection 4(1) of the Act, the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force immediately before the operative time.

6  Scheme value—member spouse with surcharge debt

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

             (2)  For the definition of scheme value in subsection 4(1) of the Act, the scheme value in relation to the member spouse is determined using the methods and factors set out in Schedule 1 as in force immediately before the operative time.

             (3)  However, if:

                     (a)  it is necessary to calculate the scheme value for the purpose of the definition of transfer amount in subsection 4(1) of the Act; and

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

                     (c)  the Secretary of the Department has received a splitting agreement or splitting order in respect of the original interest;

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.

7  Associate immediate pension for non‑member spouse

                   For subsection 17AA(2) of the Act, the rate is calculated as follows:

Method statement

Step 1.   Identify the transfer amount that was payable at the operative time.

Step 2.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the non‑member spouse’s gender, and age in whole years, at the operative time.

              Fy+1 is the number in Table 1 that would apply to the non‑member spouse if the non‑member spouse’s age in whole years was one year more than it was at the operative time.

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

Step 3.   Divide the transfer amount identified in step 1 by the amount calculated in step 2.

Step 4.   Divide the amount calculated in step 3 by the Federal Court Judge’s salary at the operative time.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 5.   Multiply the amount calculated in step 4 by the Federal Court Judge’s salary.

8  Associate deferred pension

                   For subsection 17AB(1) of the Act, the annual rate is calculated as follows:

Method statement

Step 1.   Identify the transfer amount that was payable at the operative time.

Step 2A. Add the amount identified in step 1 to the increases in the transfer amount calculated in steps 2B, 2C and 2D.

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 when the associate deferred pension becomes payable.

              This is the first period.

              Calculate the increase in the transfer amount for the first period using the formula:

             

              where:

              amount is the amount identified in step 1.

              rate is the Treasury bond rate for the financial year in which the first period occurs.

              time is the number of days in the first period.

              Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 2C. Second period (if any)

              Use this step if one or more full financial years occurs immediately after the end of the first period and before the associate deferred pension becomes payable.

              This is the second period.

              Calculate the increase in the transfer amount for each full financial year of the second period using the formula:

             

              where:

              increased amount is the amount identified in step 1, added to:

               (a)     the increase in the transfer amount calculated in step 2B; and

              (b)     any increases in the transfer amount calculated under this step for earlier financial years in the second period.

              rate is the Treasury bond rate for the financial year for which the calculation is being made.

              Round the amount to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 2D. Final period (if any)

              Use this step if:

               (a)     there is any period between the end of a financial year and when the associate deferred pension becomes payable; and

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

              This is the final period.

              Calculate the increase in the transfer amount for the final period using the formula:

             

              where:

              increased amount is the amount identified in step 1, added to:

               (a)     the increase in the transfer amount calculated in step 2B; and

              (b)     the increases in the transfer amount calculated in step 2C for each financial year in the second period.

              rate is the Treasury bond rate for the financial year in which the final period occurs.

              time is the number of days in the final period.

              Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 3.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the non‑member spouse’s gender, and age in whole years, when the associate deferred pension becomes payable.

              Fy+1 is the number in Table 1 that would apply to the non‑member spouse if the non‑member spouse’s age in whole years was one year more than it was when the associate deferred pension becomes payable.

              m is the number of whole months of the non‑member spouse’s age that are not included in the non‑member spouse’s age in whole years when the associate deferred pension becomes payable.

Step 4.   Divide the amount calculated in step 2A by the amount calculated in step 3.

Step 5.   Divide the amount calculated in step 4 by the Federal Court Judge’s salary when the associate deferred pension becomes payable.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 6.   Multiply the amount calculated in step 5 by the Federal Court Judge’s salary

9  Associate deferred pension—death of non‑member spouse

             (1)  This section is made for subsection 17AB(6) of the Act.

             (2)  The amount payable is the transfer amount that was payable at the date of death:

                     (a)  reduced by any payment split before the date of death; and

                     (b)  increased in the way described in step 2A in section 8 as if an associate deferred pension had become payable at the date of death.

10  Operative time during growth phase—reduction of associate deferred pension

                   For section 17AG of the Act, the annual rate of the associate deferred pension (when it becomes payable) is reduced to the amount calculated as follows:

Method statement

Step 1.   Identify the transfer amount that was payable at the operative time.

Step 2A. Add the amount identified in step 1 to the increases in the transfer amount calculated in steps 2B, 2C and 2D.

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 when the associate deferred pension becomes payable.

              This is the first period.

              Calculate the increase in the transfer amount for the first period using the formula:

             

              where:

              amount is the amount identified in step 1.

              rate is the Treasury bond rate for the financial year in which the first period occurs.

              time is the number of days in the first period.

              Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 2C. Second period (if any)

              Use this step if one or more full financial years occurs immediately after the end of the first period and before the associate deferred pension becomes payable.

              This is the second period.

              Calculate the increase in the transfer amount for each full financial year of the second period using the formula:

             

              where:

              increased amount is the amount identified in step 1, added to:

               (a)     the increase in the transfer amount calculated in step 2B; and

              (b)     any increases in the transfer amount calculated under this step for earlier financial years in the second period.

              rate is the Treasury bond rate for the financial year for which the calculation is being made.

              Round the amount to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 2D. Final period (if any)

              Use this step if:

               (a)     there is any period between the end of a financial year and when the associate deferred pension becomes payable; and

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

              This is the final period.

              Calculate the increase in the transfer amount for the final period using the formula:

             

              where:

              increased amount is the amount identified in step 1, added to:

               (a)     the increase in the transfer amount calculated in step 2B; and

              (b)     the increases in the transfer amount calculated in step 2C for each financial year in the second period.

              rate is the Treasury bond rate for the financial year in which the final period occurs.

              time is the number of days in the final period.

              Round the result to 2 decimal places (rounding up if the third decimal place is 5 or more).

Step 3.   Identify the associate deferred pension, as calculated under subsection 17AB(1) of the Act on the date of payment, disregarding the payment split.

Step 4.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the member spouse’s gender, and age in whole years, when the associate deferred pension becomes payable.

              m is the number of whole months of the member spouse’s age that are not included in the member spouse’s age in whole years when the associate deferred pension becomes payable.

              Fy+1 is the number in Table 1 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it is when the associate deferred pension becomes payable.

Step 5.   Multiply the amount identified in step 3 by the amount calculated in step 4 (ensuring the amount identified in step 3 takes account of any previous payment split).

Step 6.   Reduce the amount calculated in step 5 by the amount calculated in step 2A.

Step 7.   Divide the amount calculated in step 6 by the amount calculated in step 4.

Step 8.   Divide the amount calculated in step 7 by the Federal Court Judge’s salary when the associate deferred pension becomes payable.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 9.   Multiply the amount calculated in step 8 by the Federal Court Judge’s salary.

11  Operative time during payment phase—reduction of standard pension

             (1)  For subsection 17AH(2) of the Act, the annual rate of a standard pension is reduced to the amount calculated as follows:

Method statement

Step 1.   Identify the annual rate of the associate immediate pension or immediate transitional pension that was payable at the operative time.

Step 2.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the member spouse’s gender, and age in whole years, at the operative time.

              Fy+1 is the number in Table 1 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it was at the operative time.

              m is the number of whole months of the member spouse’s age that are not included in the member spouse’s age in whole years at the operative time.

Step 3.   Multiply the amount identified in step 1 by the amount calculated in step 2.

Step 4.   Subtract the transfer amount from the amount calculated in step 3.

Step 5.   Divide the amount calculated in step 4 by the amount calculated in step 2.

Step 6.   Divide the amount calculated in step 5 by the Federal Court Judge’s salary at the operative time.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 7.   Multiply the amount calculated in step 6 by the Federal Court Judge’s salary.

             (2)  For subsection 17AH(2) of the Act, the annual rate of an associate deferred pension is reduced to the amount calculated as follows:

Method statement

Step 1.   Identify the annual rate of the associate deferred pension that was payable at the operative time.

Step 2.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the member spouse’s gender, and age in whole years, at the operative time.

              Fy+1 is the number in Table 1 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it was at the operative time.

              m is the number of whole months of the member spouse’s age that are not included in the member spouse’s age in whole years at the operative time.

Step 3.   Multiply the amount identified in step 1 by the amount calculated in step 2.

Step 4.   Subtract the transfer amount from the amount calculated in step 3.

Step 5.   Divide the amount calculated in step 4 by the amount calculated in step 2.

Step 6.   Divide the amount calculated in step 5 by the Federal Court Judge’s salary at the operative time.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 7.   Multiply the amount calculated in step 6 by the Federal Court Judge’s salary.

             (3)  For subsection 17AH(3) of the Act, the annual rate of a retirement pension is reduced to the amount calculated as follows:

Method statement

Step 1.   Identify the annual rate of the retirement pension that was payable at the operative time.

Step 2.   Calculate an amount using the formula:

              where:

              Fy is:

               (a)     if the pension is not payable on permanent incapacity—the number in Table 2 that applies to the member spouse’s gender, and age in whole years, at the operative time; and

              (b)     if the pension is payable on permanent incapacity—the number in Table 3 that applies to the member spouse’s gender, and age in whole years, at the operative time.

              Fy+1 is:

               (a)     if the pension is not payable on permanent incapacity—the number in Table 2 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it was at the operative time; and

              (b)     if the pension is payable on permanent incapacity—the number in Table 3 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it was at the operative time.

              m is the number of whole months of the member spouse’s age that are not included in the member spouse’s age in whole years at the operative time.

Step 3.   Multiply the amount identified in step 1 by the amount calculated in step 2.

Step 4.   Subtract the transfer amount from the amount calculated in step 3.

Step 5.   Divide the amount calculated in step 4 by the amount calculated in step 2.

Step 6.   Divide the amount calculated in step 5 by the annual rate of the applicable judicial salary at the operative time.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 7.   Multiply the amount calculated in step 6 by the applicable judicial salary.

             (4)  For subsection 17AH(2) of the Act, the annual rate of a spouse pension is reduced to the amount calculated as follows:

Method statement

Step 1.   Identify the annual rate of the spouse pension that was payable at the operative time.

Step 2.   Calculate an amount using the formula:

              where:

              Fy is the number in Table 1 that applies to the member spouse’s gender, and age in whole years, at the operative time.

              Fy+1 is the number in Table 1 that would apply to the member spouse if the member spouse’s age in whole years was one year more than it was at the operative time.

              m is the number of whole months of the member spouse’s age that are not included in the member spouse’s age in whole years at the operative time.

Step 3.   Multiply the amount identified in step 1 by the amount calculated in step 2.

Step 4.   Subtract the transfer amount from the amount calculated in step 3.

Step 5.   Divide the amount calculated in step 4 by the amount calculated in step 2.

Step 6.   Divide the amount calculated in step 5 by the annual rate of the applicable judicial salary at the operative time.

              Round the result to 4 decimal places (rounding up if the fifth decimal place is 5 or more).

Step 7.   Multiply the amount calculated in step 6 by the applicable judicial salary.


Schedule 1Methods and factors

Note:       See sections 5 and 6.

Part 1Methods

Division 1.1Interpretation

1  Definitions

                   In this Part:

scheme means the scheme constituted by the Act.

Division 1.2Interests in the growth phase

2  Methods and factors for interests of members in the scheme

                   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 sections 5 and 6.

 

Item

Interest in the growth phase

Method or factor

1


An interest that a person has in the scheme, being a person who:

(a) is a Judge; and

(b) is to cease to hold office as a Judge when he or she reaches a particular age; and

(c) will, by the time he or she reaches that age, have served as a Judge for at least 6 years.

(a) The approved method is:

      where:

      APF has the same meaning as in the Act.

      F has the meaning given by paragraph (b).

      LS is the benefit that would have been payable under section 12A of the Act, after taking into account any reduction under section 17AF, if the person had died on the relevant date and no spouse or orphan pension had been payable.

      LSF has the meaning given by paragraph (c).

      RAPF is the component (APF × Transfer factor) in the formula in subsection 17AD(5) of the Act, as modified under section 17AE of that Act if applicable.

      S is the annual salary payable to the person as a Judge at the relevant date.

(b) For paragraph (a), F is determined in accordance with the following formula:

     

      where:

      Fy,a is the valuation factor mentioned in whichever of Tables 1A to 1D is applicable that applies to the person having regard to the person’s gender, compulsory retirement age, age in completed years at the relevant date and the age in completed years at which the person can first retire with a pension.

      Fy+1,a is the valuation factor mentioned in whichever of Tables 1A to 1D is applicable that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

      Fy,a+1 is the valuation factor mentioned in whichever of Tables 1A to 1D is applicable that would apply if the age in completed years at which the person can first retire with a pension were 1 year more than it is.

      Fy+1,a+1 is the valuation factor mentioned in whichever of Tables 1A to 1D is applicable that would apply if, at the relevant date, both the person’s age in completed years and the age in completed years at which the person can first retire were 1 year more than they are.

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

      ma is the number of complete months of the age at which the person can first retire with a pension that are not included in the age in completed years.

(c) For paragraph (a), LSF is determined in accordance with the following formula:

     

where:

      LSFy,a is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that applies to the person having regard to the person’s gender, compulsory retirement age, age in completed years at the relevant date and the age in completed years at which the person can first retire with a pension.

      LSFy+1,a is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

      LSFy,a+1 is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if the age in completed years at which the person can first retire with a pension were 1 year more than it is.

      LSFy+1,a+1 is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if, at the relevant date, both the person’s age in completed years and the age in completed years at which the person can first retire were 1 year more than they are.

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

      ma is the number of complete months of the age at which the person can first retire with a pension that are not included in the age in completed years.

2

An interest that a person has in the scheme, being a person who:

(a) is a Judge; and

(b) is to cease to hold office as a Judge upon his or her attaining a particular age; and

(c) will, by the time he or she attains that age, have served as a Judge for less than 6 years.

The benefit that would have been payable under section 12A of the Act, after taking into account any reduction under section 17AF, if the person had died on the relevant date and no spouse or orphan pension had been payable.

 

3

An interest that a person has in the scheme, being a person who:

(a) is a Judge; and

(b) is not to cease to hold office as a Judge upon his or her attaining a particular age.

where:

HP is the annual rate of pension that would be payable to the person if the person retired on the relevant date.

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

PFy is the pension valuation factor mentioned in Table 3 in relation to an age pension for the person’s gender and age in completed years at the relevant date.

PFy+1 is the pension valuation factor mentioned in Table 3 in relation to an age pension that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

4

An interest that a person has as a result of an entitlement to an associate deferred pension (not yet payable) in accordance with section 17AB of the Act.

where:

ATA is the amount calculated under step 2A of section 8 of the Judges’ Pensions Order 2013, but with the reference to the time when the associate deferred pension becomes payable taken to be a reference to the relevant date.

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

PFy is the pension valuation factor mentioned in Table 3 in relation to a spouse pension for the person’s gender and age in completed years at the relevant date.

PFy+1 is the pension valuation factor mentioned in Table 3 in relation to a spouse pension that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

SVPFy is the scheme value pension factor mentioned in Table 4 for the person’s gender and age in completed years at the relevant date.

SVPFy+1 is the scheme value pension factor mentioned in Table 4 that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

 

Division 1.3Interests in the payment phase

3  Methods and factors for interests of members in the scheme

                   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 sections 5 and 6.

 

Item

Interest in the payment phase

Method or factor

1


An interest that a person has in the scheme as a result of being paid a pension under the Act.

where:

AP is the annual rate of pension payable to the person at the relevant date.

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

PFy is the pension valuation factor mentioned in Table 3 for the person’s pension type, gender and age in completed years at the relevant date.

PFy+1 is the pension valuation factor mentioned in Table 3 that would apply if the person’s age in completed years at the relevant date were 1 year more than it is.

Division 1.4Factors

Table 1A  Valuation factors for serving judges (F)—males with compulsory retiring age of 65

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

30 or younger

12.0745

 

 

 

 

 

31

12.2701

 

 

 

 

 

32

12.4683

 

 

 

 

 

33

12.6692

 

 

 

 

 

34

12.8723

 

 

 

 

 

35

13.0777

 

 

 

 

 

36

13.2853

 

 

 

 

 

37

13.4953

 

 

 

 

 

38

13.7075

 

 

 

 

 

39

13.9231

 

 

 

 

 

40

14.1421

 

 

 

 

 

41

14.3070

 

 

 

 

 

42

14.4731

 

 

 

 

 

43

14.6407

 

 

 

 

 

44

14.8090

 

 

 

 

 

45

14.9781

 

 

 

 

 

46

15.1480

 

 

 

 

 

47

15.3192

 

 

 

 

 

48

15.4919

 

 

 

 

 

49

15.6662

 

 

 

 

 

50

15.8426

15.4126

 

 

 

 

51

15.8848

15.4457

15.2070

 

 

 

52

15.9252

15.4768

15.2330

15.0481

 

 

53

15.9639

15.5059

15.2569

15.0680

14.9433

 

54

16.0015

15.5337

15.2793

15.0863

14.9589

14.9015

55

16.0384

15.5604

15.3005

15.1034

14.9731

14.9144

56

16.2950

15.8066

15.5410

15.3396

15.2065

15.1465

57

16.5577

16.0583

15.7869

15.5809

15.4449

15.3835

58

16.8266

16.3156

16.0378

15.8271

15.6878

15.6250

59

17.1037

16.5802

16.2957

16.0799

15.9373

15.8730

60

17.3907

16.8542

16.5626

16.3414

16.1953

16.1293

61

17.1390

17.1390

16.8401

16.6133

16.4634

16.3958

62

17.1291

17.1291

17.1291

16.8965

16.7427

16.6733

63

17.1920

17.1920

17.1920

17.1920

17.0342

16.9629

64

17.3387

17.3387

17.3387

17.3387

17.3387

17.2655

65

17.5819

17.5819

17.5819

17.5819

17.5819

17.5819

 

Table 1B  Valuation factors for serving judges (F)—females with compulsory retiring age of 65

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

30 or younger

12.1306

 

 

 

 

 

31

12.3300

 

 

 

 

 

32

12.5316

 

 

 

 

 

33

12.7355

 

 

 

 

 

34

12.9416

 

 

 

 

 

35

13.1504

 

 

 

 

 

36

13.3616

 

 

 

 

 

37

13.5755

 

 

 

 

 

38

13.7923

 

 

 

 

 

39

14.0115

 

 

 

 

 

40

14.2332

 

 

 

 

 

41

14.4186

 

 

 

 

 

42

14.6053

 

 

 

 

 

43

14.7933

 

 

 

 

 

44

14.9834

 

 

 

 

 

45

15.1757

 

 

 

 

 

46

15.3704

 

 

 

 

 

47

15.5679

 

 

 

 

 

48

15.7685

 

 

 

 

 

49

15.9716

 

 

 

 

 

50

16.1775

15.7446

 

 

 

 

51

16.3864

15.9442

15.7035

 

 

 

52

16.5991

16.1473

15.9015

15.7147

 

 

53

16.8157

16.3541

16.1029

15.9121

15.7862

 

54

17.0372

16.5653

16.3085

16.1135

15.9847

15.9273

55

17.2645

16.7819

16.5192

16.3197

16.1880

16.1293

56

17.5452

17.0514

16.7826

16.5785

16.4438

16.3836

57

17.8353

17.3297

17.0545

16.8455

16.7076

16.6460

58

18.1362

17.6181

17.3361

17.1220

16.9807

16.9175

59

18.4475

17.9163

17.6273

17.4078

17.2629

17.1981

60

18.7701

18.2253

17.9289

17.7038

17.5551

17.4887

61

18.5459

18.5459

18.2417

18.0107

17.8582

17.7899

62

18.5678

18.5678

18.5678

18.3307

18.1741

18.1040

63

18.6649

18.6649

18.6649

18.6649

18.5040

18.4320

64

18.8495

18.8495

18.8495

18.8495

18.8495

18.7755

65

19.1362

19.1362

19.1362

19.1362

19.1362

19.1362


Table 1C  Valuation factors for serving judges (F)—males with compulsory retiring age of 70

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

66

67

68

69

70

30 or younger

11.3046

 

 

 

 

 

 

 

 

 

 

31

11.4860

 

 

 

 

 

 

 

 

 

 

32

11.6698

 

 

 

 

 

 

 

 

 

 

33

11.8559

 

 

 

 

 

 

 

 

 

 

34

12.0440

 

 

 

 

 

 

 

 

 

 

35

12.2339

 

 

 

 

 

 

 

 

 

 

36

12.4258

 

 

 

 

 

 

 

 

 

 

37

12.6197

 

 

 

 

 

 

 

 

 

 

38

12.8154

 

 

 

 

 

 

 

 

 

 

39

13.0142

 

 

 

 

 

 

 

 

 

 

40

13.2161

 

 

 

 

 

 

 

 

 

 

41

13.3634

 

 

 

 

 

 

 

 

 

 

42

13.5117

 

 

 

 

 

 

 

 

 

 

43

13.6611

 

 

 

 

 

 

 

 

 

 

44

13.8108

 

 

 

 

 

 

 

 

 

 

45

13.9607

 

 

 

 

 

 

 

 

 

 

46

14.1110

 

 

 

 

 

 

 

 

 

 

47

14.2623

 

 

 

 

 

 

 

 

 

 

48

14.4144

 

 

 

 

 

 

 

 

 

 

49

14.5677

 

 

 

 

 

 

 

 

 

 

50

14.7224

14.0948

 

 

 

 

 

 

 

 

 

51

14.7429

14.1023

13.7144

 

 

 

 

 

 

 

 

52

14.7611

14.1073

13.7114

13.3574

 

 

 

 

 

 

 

53

14.7771

14.1097

13.7056

13.3443

13.0280

 

 

 

 

 

 

54

14.7915

14.1101

13.6976

13.3288

13.0061

12.7318

 

 

 

 

 

55

14.8045

14.1087

13.6876

13.3112

12.9818

12.7019

12.3400

 

 

 

 

56

15.0353

14.3245

13.8943

13.5098

13.1734

12.8876

12.5180

12.2138

 

 

 

57

15.2709

14.5443

14.1047

13.7118

13.3681

13.0760

12.6984

12.3876

12.1507

 

 

58

15.5109

14.7677

14.3179

13.9161

13.5645

13.2658

12.8797

12.5619

12.3197

12.0959

 

59

15.7572

14.9961

14.5357

14.1242

13.7644

13.4586

13.0634

12.7381

12.4902

12.2612

12.1522

60

16.0119

15.2321

14.7603

14.3389

13.9702

13.6570

13.2523

12.9192

12.6653

12.4308

12.3191

61

15.4773

15.4773

14.9937

14.5617

14.1839

13.8630

13.4483

13.1070

12.8469

12.6066

12.4921

62

15.2367

15.2367

15.2367

14.7938

14.4064

14.0774

13.6523

13.3025

13.0359

12.7896

12.6722

63

15.0359

15.0359

15.0359

15.0359

14.6386

14.3011

13.8652

13.5064

13.2330

12.9804

12.8600

64

14.8814

14.8814

14.8814

14.8814

14.8814

14.5352

14.0880

13.7199

13.4395

13.1804

13.0568

65

14.7806

14.7806

14.7806

14.7806

14.7806

14.7806

14.3216

13.9440

13.6562

13.3904

13.2636

66

14.5670

14.5670

14.5670

14.5670

14.5670

14.5670

14.5670

14.1793

13.8840

13.6111

13.4809

67

14.4268

14.4268

14.4268

14.4268

14.4268

14.4268

14.4268

14.4268

14.1235

13.8434

13.7097

68

14.3757

14.3757

14.3757

14.3757

14.3757

14.3757

14.3757

14.3757

14.3757

14.0880

13.9506

69

14.3457

14.3457

14.3457

14.3457

14.3457

14.3457

14.3457

14.3457

14.3457

14.3457

14.2045

70

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

14.4723

Table 1D  Valuation factors for serving judges (F)—females with compulsory retiring age of 70

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

66

67

68

69

70

30 or younger

11.3407

 

 

 

 

 

 

 

 

 

 

31

11.5256

 

 

 

 

 

 

 

 

 

 

32

11.7124

 

 

 

 

 

 

 

 

 

 

33

11.9012

 

 

 

 

 

 

 

 

 

 

34

12.0919

 

 

 

 

 

 

 

 

 

 

35

12.2849

 

 

 

 

 

 

 

 

 

 

36

12.4801

 

 

 

 

 

 

 

 

 

 

37

12.6776

 

 

 

 

 

 

 

 

 

 

38

12.8777

 

 

 

 

 

 

 

 

 

 

39

13.0797

 

 

 

 

 

 

 

 

 

 

40

13.2838

 

 

 

 

 

 

 

 

 

 

41

13.4508

 

 

 

 

 

 

 

 

 

 

42

13.6186

 

 

 

 

 

 

 

 

 

 

43

13.7872

 

 

 

 

 

 

 

 

 

 

44

13.9574

 

 

 

 

 

 

 

 

 

 

45

14.1295

 

 

 

 

 

 

 

 

 

 

46

14.3033

 

 

 

 

 

 

 

 

 

 

47

14.4794

 

 

 

 

 

 

 

 

 

 

48

14.6581

 

 

 

 

 

 

 

 

 

 

49

14.8386

 

 

 

 

 

 

 

 

 

 

50

15.0212

14.3842

 

 

 

 

 

 

 

 

 

51

15.2062

14.5557

14.1607

 

 

 

 

 

 

 

 

52

15.3941

14.7298

14.3264

13.9647

 

 

 

 

 

 

 

53

15.5853

14.9066

14.4945

14.1251

13.8006

 

 

 

 

 

 

54

15.7803

15.0866

14.6655

14.2879

13.9563

13.6735

 

 

 

 

 

55

15.9799

15.2706

14.8400

14.4539

14.1150

13.8259

13.4509

 

 

 

 

56

16.2318

15.5062

15.0658

14.6709

14.3242

14.0286

13.6452

13.3287

 

 

 

57

16.4916

15.7489

15.2981

14.8940

14.5392

14.2366

13.8443

13.5204

13.2731

 

 

58

16.7605

15.9996

15.5378

15.1239

14.7605

14.4507

14.0490

13.7173

13.4640

13.2299

 

59

17.0383

16.2585

15.7852

15.3611

14.9887

14.6713

14.2597

13.9199

13.6604

13.4206

13.3076

60

17.3259

16.5264

16.0411

15.6063

15.2246

14.8991

14.4773

14.1290

13.8630

13.6172

13.5013

61

16.8040

16.8040

16.3063

15.8602

15.4688

15.1350

14.7024

14.3454

14.0726

13.8206

13.7017

62

16.5826

16.5826

16.5826

16.1249

15.7232

15.3808

14.9370

14.5707

14.2909

14.0323

13.9103

63

16.4013

16.4013

16.4013

16.4013

15.9890

15.6375

15.1820

14.8060

14.5189

14.2535

14.1282

64

16.2669

16.2669

16.2669

16.2669

16.2669

15.9059

15.4381

15.0520

14.7571

14.4845

14.3558

65

16.1877

16.1877

16.1877

16.1877

16.1877

16.1877

15.7069

15.3101

15.0071

14.7269

14.5946

66

15.9904

15.9904

15.9904

15.9904

15.9904

15.9904

15.9904

15.5824

15.2708

14.9827

14.8465

67

15.8704

15.8704

15.8704

15.8704

15.8704

15.8704

15.8704

15.8704

15.5497

15.2532

15.1130

68

15.8462

15.8462

15.8462

15.8462

15.8462

15.8462

15.8462

15.8462

15.8462

15.5407

15.3962

69

15.8468

15.8468

15.8468

15.8468

15.8468

15.8468

15.8468

15.8468

15.8468

15.8468

15.6978

70

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201

16.0201


Table 2A  Lump sum valuation factors for serving judges (LSF)—males with compulsory retiring age of 65

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

30 or younger

0.0126

 

 

 

 

 

31

0.0125

 

 

 

 

 

32

0.0124

 

 

 

 

 

33

0.0122

 

 

 

 

 

34

0.0121

 

 

 

 

 

35

0.0120

 

 

 

 

 

36

0.0118

 

 

 

 

 

37

0.0117

 

 

 

 

 

38

0.0115

 

 

 

 

 

39

0.0113

 

 

 

 

 

40

0.0112

 

 

 

 

 

41

0.0115

 

 

 

 

 

42

0.0118

 

 

 

 

 

43

0.0121

 

 

 

 

 

44

0.0124

 

 

 

 

 

45

0.0126

 

 

 

 

 

46

0.0128

 

 

 

 

 

47

0.0129

 

 

 

 

 

48

0.0130

 

 

 

 

 

49

0.0130

 

 

 

 

 

50

0.0129

0.0137

 

 

 

 

51

0.0136

0.0144

0.0149

 

 

 

52

0.0141

0.0151

0.0156

0.0160

 

 

53

0.0145

0.0155

0.0161

0.0165

0.0168

 

54

0.0147

0.0157

0.0163

0.0168

0.0171

0.0172

55

0.0146

0.0158

0.0164

0.0169

0.0173

0.0174

56

0.0134

0.0146

0.0152

0.0158

0.0161

0.0162

57

0.0122

0.0133

0.0140

0.0145

0.0148

0.0149

58

0.0108

0.0120

0.0126

0.0131

0.0135

0.0136

59

0.0093

0.0105

0.0112

0.0117

0.0120

0.0121

60

0.0077

0.0089

0.0095

0.0101

0.0104

0.0105

61

0.0071

0.0071

0.0078

0.0083

0.0087

0.0088

62

0.0059

0.0059

0.0059

0.0064

0.0067

0.0069

63

0.0043

0.0043

0.0043

0.0043

0.0047

0.0048

64

0.0024

0.0024

0.0024

0.0024

0.0024

0.0025

65

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

Table 2B  Lump sum valuation factors for serving judges (LSF)—females with compulsory retiring age of 65

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

30 or younger

0.0123

 

 

 

 

 

31

0.0123

 

 

 

 

 

32

0.0122

 

 

 

 

 

33

0.0121

 

 

 

 

 

34

0.0120

 

 

 

 

 

35

0.0119

 

 

 

 

 

36

0.0118

 

 

 

 

 

37

0.0117

 

 

 

 

 

38

0.0116

 

 

 

 

 

39

0.0115

 

 

 

 

 

40

0.0114

 

 

 

 

 

41

0.0119

 

 

 

 

 

42

0.0125

 

 

 

 

 

43

0.0130

 

 

 

 

 

44

0.0134

 

 

 

 

 

45

0.0138

 

 

 

 

 

46

0.0142

 

 

 

 

 

47

0.0145

 

 

 

 

 

48

0.0147

 

 

 

 

 

49

0.0149

 

 

 

 

 

50

0.0150

0.0159

 

 

 

 

51

0.0150

0.0160

0.0165

 

 

 

52

0.0150

0.0160

0.0166

0.0170

 

 

53

0.0149

0.0159

0.0165

0.0170

0.0173

 

54

0.0146

0.0157

0.0163

0.0168

0.0171

0.0172

55

0.0142

0.0153

0.0160

0.0165

0.0168

0.0169

56

0.0132

0.0143

0.0150

0.0155

0.0158

0.0159

57

0.0120

0.0132

0.0138

0.0143

0.0146

0.0148

58

0.0106

0.0118

0.0124

0.0129

0.0133

0.0134

59

0.0091

0.0103

0.0109

0.0115

0.0118

0.0119

60

0.0075

0.0087

0.0094

0.0099

0.0102

0.0103

61

0.0070

0.0070

0.0077

0.0082

0.0085

0.0086

62

0.0058

0.0058

0.0058

0.0063

0.0067

0.0068

63

0.0043

0.0043

0.0043

0.0043

0.0046

0.0047

64

0.0024

0.0024

0.0024

0.0024

0.0024

0.0025

65

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000


Table 2C  Lump sum valuation factors for serving judges (LSF)—males with compulsory retiring age of 70

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

66

67

68

69

70

30 or younger

0.0149

 

 

 

 

 

 

 

 

 

 

31

0.0147

 

 

 

 

 

 

 

 

 

 

32

0.0146

 

 

 

 

 

 

 

 

 

 

33

0.0145

 

 

 

 

 

 

 

 

 

 

34

0.0144

 

 

 

 

 

 

 

 

 

 

35

0.0142

 

 

 

 

 

 

 

 

 

 

36

0.0141

 

 

 

 

 

 

 

 

 

 

37

0.0139

 

 

 

 

 

 

 

 

 

 

38

0.0138

 

 

 

 

 

 

 

 

 

 

39

0.0136

 

 

 

 

 

 

 

 

 

 

40

0.0134

 

 

 

 

 

 

 

 

 

 

41

0.0139

 

 

 

 

 

 

 

 

 

 

42

0.0144

 

 

 

 

 

 

 

 

 

 

43

0.0148

 

 

 

 

 

 

 

 

 

 

44

0.0151

 

 

 

 

 

 

 

 

 

 

45

0.0155

 

 

 

 

 

 

 

 

 

 

46

0.0158

 

 

 

 

 

 

 

 

 

 

47

0.0160

 

 

 

 

 

 

 

 

 

 

48

0.0162

 

 

 

 

 

 

 

 

 

 

49

0.0163

 

 

 

 

 

 

 

 

 

 

50

0.0164

0.0178

 

 

 

 

 

 

 

 

 

51

0.0174

0.0190

0.0199

 

 

 

 

 

 

 

 

52

0.0183

0.0200

0.0211

0.0221

 

 

 

 

 

 

 

53

0.0191

0.0209

0.0220

0.0231

0.0241

 

 

 

 

 

 

54

0.0196

0.0215

0.0228

0.0240

0.0251

0.0261

 

 

 

 

 

55

0.0199

0.0220

0.0234

0.0246

0.0258

0.0269

0.0283

 

 

 

 

56

0.0188

0.0209

0.0222

0.0235

0.0247

0.0258

0.0272

0.0285

 

 

 

57

0.0175

0.0196

0.0210

0.0223

0.0235

0.0246

0.0260

0.0273

0.0283

 

 

58

0.0162

0.0183

0.0197

0.0210

0.0222

0.0233

0.0247

0.0260

0.0270

0.0279

 

59

0.0147

0.0169

0.0182

0.0196

0.0208

0.0219

0.0234

0.0246

0.0256

0.0266

0.0269

60

0.0131

0.0153

0.0167

0.0180

0.0192

0.0203

0.0218

0.0231

0.0241

0.0251

0.0254

61

0.0136

0.0136

0.0150

0.0163

0.0176

0.0187

0.0202

0.0215

0.0225

0.0234

0.0238

62

0.0131

0.0131

0.0131

0.0145

0.0157

0.0168

0.0184

0.0197

0.0207

0.0217

0.0220

63

0.0124

0.0124

0.0124

0.0124

0.0137

0.0148

0.0164

0.0177

0.0187

0.0197

0.0200

64

0.0115

0.0115

0.0115

0.0115

0.0115

0.0126

0.0142

0.0155

0.0166

0.0176

0.0179

65

0.0103

0.0103

0.0103

0.0103

0.0103

0.0103

0.0118

0.0132

0.0142

0.0152

0.0156

66

0.0092

0.0092

0.0092

0.0092

0.0092

0.0092

0.0092

0.0106

0.0117

0.0126

0.0130

67

0.0077

0.0077

0.0077

0.0077

0.0077

0.0077

0.0077

0.0077

0.0088

0.0098

0.0102

68

0.0057

0.0057

0.0057

0.0057

0.0057

0.0057

0.0057

0.0057

0.0057

0.0067

0.0071

69

0.0033

0.0033

0.0033

0.0033

0.0033

0.0033

0.0033

0.0033

0.0033

0.0033

0.0037

70

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

Table 2D  Lump sum valuation factors for serving judges (LSF)—females with compulsory retiring age of 70

Age at which eligible to retire with pension

Age

60

61

62

63

64

65

66

67

68

69

70

30 or younger

0.0151

 

 

 

 

 

 

 

 

 

 

31

0.0151

 

 

 

 

 

 

 

 

 

 

32

0.0150

 

 

 

 

 

 

 

 

 

 

33

0.0149

 

 

 

 

 

 

 

 

 

 

34

0.0148

 

 

 

 

 

 

 

 

 

 

35

0.0147

 

 

 

 

 

 

 

 

 

 

36

0.0146

 

 

 

 

 

 

 

 

 

 

37

0.0145

 

 

 

 

 

 

 

 

 

 

38

0.0144

 

 

 

 

 

 

 

 

 

 

39

0.0143

 

 

 

 

 

 

 

 

 

 

40

0.0142

 

 

 

 

 

 

 

 

 

 

41

0.0149

 

 

 

 

 

 

 

 

 

 

42

0.0156

 

 

 

 

 

 

 

 

 

 

43

0.0163

 

 

 

 

 

 

 

 

 

 

44

0.0169

 

 

 

 

 

 

 

 

 

 

45

0.0175

 

 

 

 

 

 

 

 

 

 

46

0.0180

 

 

 

 

 

 

 

 

 

 

47

0.0185

 

 

 

 

 

 

 

 

 

 

48

0.0189

 

 

 

 

 

 

 

 

 

 

49

0.0193

 

 

 

 

 

 

 

 

 

 

50

0.0195

0.0213

 

 

 

 

 

 

 

 

 

51

0.0198

0.0216

0.0228

 

 

 

 

 

 

 

 

52

0.0199

0.0218

0.0230

0.0242

 

 

 

 

 

 

 

53

0.0200

0.0220

0.0233

0.0245

0.0256

 

 

 

 

 

 

54

0.0200

0.0220

0.0233

0.0246

0.0258

0.0268

 

 

 

 

 

55

0.0198

0.0219

0.0232

0.0245

0.0258

0.0269

0.0284

 

 

 

 

56

0.0188

0.0209

0.0223

0.0236

0.0248

0.0259

0.0275

0.0288

 

 

 

57

0.0176

0.0198

0.0211

0.0225

0.0237

0.0248

0.0264

0.0277

0.0288

 

 

58

0.0163

0.0184

0.0198

0.0212

0.0224

0.0235

0.0251

0.0265

0.0275

0.0285

 

59

0.0148

0.0170

0.0184

0.0197

0.0210

0.0221

0.0237

0.0251

0.0262

0.0272

0.0276

60

0.0133

0.0154

0.0169

0.0182

0.0195

0.0206

0.0222

0.0236

0.0247

0.0257

0.0261

61

0.0138

0.0138

0.0152

0.0166

0.0179

0.0190

0.0206

0.0220

0.0231

0.0242

0.0245

62

0.0134

0.0134

0.0134

0.0148

0.0161

0.0173

0.0189

0.0203

0.0214

0.0224

0.0228

63

0.0128

0.0128

0.0128

0.0128

0.0141

0.0153

0.0169

0.0184

0.0195

0.0205

0.0209

64

0.0120

0.0120

0.0120

0.0120

0.0120

0.0132

0.0148

0.0163

0.0174

0.0184

0.0188

65

0.0108

0.0108

0.0108

0.0108

0.0108

0.0108

0.0125

0.0139

0.0151

0.0161

0.0165

66

0.0098

0.0098

0.0098

0.0098

0.0098

0.0098

0.0098

0.0113

0.0125

0.0135

0.0139

67

0.0084

0.0084

0.0084

0.0084

0.0084

0.0084

0.0084

0.0084

0.0096

0.0107

0.0111

68

0.0063

0.0063

0.0063

0.0063

0.0063

0.0063

0.0063

0.0063

0.0063

0.0074

0.0078

69

0.0037

0.0037

0.0037

0.0037

0.0037

0.0037

0.0037

0.0037

0.0037

0.0037

0.0041

70

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

0.0000

 


Table 3  Pension valuation factors (PF)

 

Males

Females

Age

Age pension

Invalid pension

Spouse pension or associate pension

Age pension

Invalid pension

Spouse pension or associate pension

30 or younger

 

33.3852

33.2882

 

32.7477

35.2430

31

 

33.0479

32.9153

 

32.3932

34.8969

32

 

32.7038

32.5340

 

32.0328

34.5436

33

 

32.3528

32.1433

 

31.6661

34.1835

34

 

31.9950

31.7437

 

31.2930

33.8162

35

 

31.6304

31.3352

 

30.9130

33.4410

36

 

31.2589

30.9169

 

30.5265

33.0586

37

 

30.8805

30.4893

 

30.1331

32.6683

38

 

30.4951

30.0519

 

29.7329

32.2701

39

 

30.1025

29.6046

 

29.3257

31.8636

40

 

29.7029

29.1478

 

28.9117

31.4491

41

 

29.2035

28.6813

 

28.4127

31.0265

42

 

28.6950

28.2054

 

27.9059

30.5955

43

 

28.1772

27.7202

 

27.3918

30.1563

44

 

27.6500

27.2259

 

26.8695

29.7090

45

 

27.1131

26.7226

 

26.3391

29.2540

46

 

26.5671

26.2104

 

25.8007

28.7906

47

 

26.0118

25.6898

 

25.2543

28.3195

48

 

25.4474

25.1606

 

24.7001

27.8407

49

 

24.8739

24.6233

 

24.1396

27.3540

50

 

24.2913

24.0785

 

23.5727

26.8602

51

 

23.4958

23.5262

 

22.9999

26.3590

52

 

22.6882

22.9670

 

22.4215

25.8512

53

 

21.8689

22.4013

 

21.8378

25.3363

54

 

21.0390

21.8298

 

21.2498

24.8143

55

 

20.1993

21.2538

 

20.6581

24.2857

56

 

19.6682

20.6735

 

20.1463

23.7500

57

 

19.1324

20.0902

 

19.6313

23.2075

58

 

18.5923

19.5043

 

19.1137

22.6580

59

 

18.0503

18.9153

 

18.5931

22.1017

60

20.6553

17.5071

18.3239

22.0992

18.0691

21.5383

61

20.0494

16.9638

17.7307

21.5219

17.5422

20.9681

62

19.4383

16.4212

17.1358

20.9364

17.0127

20.3913

63

18.8222

15.8804

16.5395

20.3433

16.4815

19.8080

64

18.2031

15.3415

15.9459

19.7430

15.9498

19.2187

65

17.5819

14.8055

15.3558

19.1362

15.4184

18.6243

66

16.9592

14.2734

14.7700

18.5233

14.8886

18.0249

67

16.3356

13.7459

14.1892

17.9048

14.3613

17.4213

68

15.7121

13.2236

13.6142

17.2814

13.8378

16.8133

69

15.0907

12.7053

13.0476

16.6531

13.3161

16.2036

70

14.4723

12.1908

12.4902

16.0201

12.7974

15.5925

71

13.8504

11.6805

11.9427

15.3936

12.2822

14.9802

72

13.2320

11.1740

11.4062

14.7642

11.7708

14.3676

73

12.6175

10.6708

10.8808

14.1327

11.2588

13.7552

74

12.0080

10.1720

10.3605

13.4985

10.7513

13.1432

75

11.4045

9.6782

9.8457

12.8626

10.2497

12.5326

76

10.8094

9.1907

9.3377

12.2370

9.7561

11.9249

77

10.2254

8.7116

8.8379

11.6120

9.2726

11.3213

78

9.6547

8.2424

8.3475

10.9883

8.8015

10.7240

79

9.1002

7.7875

7.8727

10.3751

8.3410

10.1364

80

8.5633

7.3480

7.4143

9.7744

7.8913

9.5606

81

8.0448

6.9252

6.9723

9.1885

7.4222

8.9993

82

7.5458

6.5199

6.5466

8.6171

6.9665

8.4536

83

7.0669

6.1326

6.1375

8.0623

6.5241

7.9252

84

6.6140

5.7662

5.7514

7.5275

6.1001

7.4177

85

6.1881

5.4213

5.3885

7.0148

5.6960

6.9320

86

5.7715

5.0992

5.0493

6.5219

5.3148

6.4695

87

5.3849

4.8012

4.7341

6.0489

4.9598

6.0314

88

5.0283

4.5278

4.4413

5.5956

4.6350

5.6184

89

4.6985

4.2652

4.1659

5.1722

4.3345

5.2237

90

4.3956

4.0103

3.9062

4.7802

4.0579

4.8463

91

4.1201

3.7587

3.6601

4.4158

3.8029

4.4844

92

3.8591

3.5044

3.4257

4.0854

3.5659

4.1362

93

3.6098

3.2655

3.2000

3.7920

3.3406

3.7986

94

3.3716

3.0424

2.9781

3.5123

3.1229

3.4821

95

3.1418

2.8343

2.7716

3.2425

2.9064

3.1851

96

2.9164

2.6405

2.5795

2.9776

2.6842

2.9056

97

2.7000

2.4606

2.4010

2.7104

2.4469

2.6407

98

2.4825

2.2870

2.2283

2.4304

2.2073

2.3863

99

2.2571

2.1183

2.0594

2.1550

1.9795

2.1451

100

2.0173

1.9564

1.8961

1.8786

1.7638

1.9162

101

1.8378

1.7884

1.7244

1.6584

1.5600

1.6967

102

1.6442

1.6071

1.5371

1.4486

1.3688

1.4798

103

1.4140

1.3901

1.3112

1.2294

1.1719

1.2515

104

1.1014

1.0907

1.0000

0.9497

0.9197

0.9596

105 or older

0.6077

0.6076

0.4928

0.5002

0.5002

0.4928

Table 4  Scheme value pension factors (SVPF)

Age

Male

Female

30 or younger

33.2882

35.2430

31

32.9153

34.8969

32

32.5340

34.5436

33

32.1433

34.1835

34

31.7437

33.8162

35

31.3352

33.4410

36

30.9169

33.0586

37

30.4893

32.6683

38

30.0519

32.2701

39

29.6046

31.8636

40

29.1478

31.4491

41

28.6813

31.0265

42

28.2054

30.5955

43

27.7202

30.1563

44

27.2259

29.7090

45

26.7226

29.2540

46

26.2104

28.7906

47

25.6898

28.3195

48

25.1606

27.8407

49

24.6233

27.3540

50

24.0785

26.8602

51

23.5262

26.3590

52

22.9670

25.8512

53

22.4013

25.3363

54

21.8298

24.8143

55

21.2538

24.2857

56

20.6735

23.7500

57

20.0902

23.2075

58

19.5043

22.6580

59

18.9153

22.1017

60

18.3239

21.5383

61

17.7307

20.9681

62

17.1358

20.3913

63

16.5395

19.8080

64

15.9459

19.2187

65

15.3558

18.6243

66

14.7700

18.0249

67

14.1892

17.4213

68

13.6142

16.8133

69

13.0476

16.2036

70

12.4902

15.5925

71

11.9427

14.9802

72

11.4062

14.3676

73

10.8808

13.7552

74

10.3605

13.1432

75

9.8457

12.5326

76

9.3377

11.9249

77

8.8379

11.3213

78

8.3475

10.7240

79

7.8727

10.1364

80

7.4143

9.5606

81

6.9723

8.9993

82

6.5466

8.4536

83

6.1375

7.9252

84

5.7514

7.4177

85

5.3885

6.9320

86

5.0493

6.4695

87

4.7341

6.0314

88

4.4413

5.6184

89

4.1659

5.2237

90

3.9062

4.8463

91

3.6601

4.4844

92

3.4257

4.1362

93

3.2000

3.7986

94

2.9781

3.4821

95

2.7716

3.1851

96

2.5795

2.9056

97

2.4010

2.6407

98

2.2283

2.3863

99

2.0594

2.1451

100

1.8961

1.9162

101

1.7244

1.6967

102

1.5371

1.4798

103

1.3112

1.2515

104

1.0000

0.9596

105 or older

0.4928

0.4928


Part 2Factors

  

Table 1  Factors

Age

Male

Female

30 or younger

33.2882

35.2430

31

32.9153

34.8969

32

32.5340

34.5436

33

32.1433

34.1835

34

31.7437

33.8162

35

31.3352

33.4410

36

30.9169

33.0586

37

30.4893

32.6683

38

30.0519

32.2701

39

29.6046

31.8636

40

29.1478

31.4491

41

28.6813

31.0265

42

28.2054

30.5955

43

27.7202

30.1563

44

27.2259

29.7090

45

26.7226

29.2540

46

26.2104

28.7906

47

25.6898

28.3195

48

25.1606

27.8407

49

24.6233

27.3540

50

24.0785

26.8602

51

23.5262

26.3590

52

22.9670

25.8512

53

22.4013

25.3363

54

21.8298

24.8143

55

21.2538

24.2857

56

20.6735

23.7500

57

20.0902

23.2075

58

19.5043

22.6580

59

18.9153

22.1017

60

18.3239

21.5383

61

17.7307

20.9681

62

17.1358

20.3913

63

16.5395

19.8080

64

15.9459

19.2187

65

15.3558

18.6243

66

14.7700

18.0249

67

14.1892

17.4213

68

13.6142

16.8133

69

13.0476

16.2036

70

12.4902

15.5925

71

11.9427

14.9802

72

11.4062

14.3676

73

10.8808

13.7552

74

10.3605

13.1432

75

9.8457

12.5326

76

9.3377

11.9249

77

8.8379

11.3213

78

8.3475

10.7240

79

7.8727

10.1364

80

7.4143

9.5606

81

6.9723

8.9993

82

6.5466

8.4536

83

6.1375

7.9252

84

5.7514

7.4177

85

5.3885

6.9320

86

5.0493

6.4695

87

4.7341

6.0314

88

4.4413

5.6184

89

4.1659

5.2237

90

3.9062

4.8463

91

3.6601

4.4844

92

3.4257

4.1362

93

3.2000

3.7986

94

2.9781

3.4821

95

2.7716

3.1851

96

2.5795

2.9056

97

2.4010

2.6407

98

2.2283

2.3863

99

2.0594

2.1451

100

1.8961

1.9162

101

1.7244

1.6967

102

1.5371

1.4798

103

1.3112

1.2515

104

1.0000

0.9596

105 or older

0.4928

0.4928

Table 2  Factors

Factors

 

 

Age

Male

Female

60

20.6553

22.0992

61

20.0494

21.5219

62

19.4383

20.9364

63

18.8222

20.3433

64

18.2031

19.7430

65

17.5819

19.1362

66

16.9592

18.5233

67

16.3356

17.9048

68

15.7121

17.2814

69

15.0907

16.6531

70

14.4723

16.0201

71

13.8504

15.3936

72

13.2320

14.7642

73

12.6175

14.1327

74

12.0080

13.4985

75

11.4045

12.8626

76

10.8094

12.2370

77

10.2254

11.6120

78

9.6547

10.9883

79

9.1002

10.3751

80

8.5633

9.7744

81

8.0448

9.1885

82

7.5458

8.6171

83

7.0669

8.0623

84

6.6140

7.5275

85

6.1881

7.0148

86

5.7715

6.5219

87

5.3849

6.0489

88

5.0283

5.5956

89

4.6985

5.1722

90

4.3956

4.7802

91

4.1201

4.4158

92

3.8591

4.0854

93

3.6098

3.7920

94

3.3716

3.5123

95

3.1418

3.2425

96

2.9164

2.9776

97

2.7000

2.7104

98

2.4825

2.4304

99

2.2571

2.1550

100

2.0173

1.8786

101

1.8378

1.6584

102

1.6442

1.4486

103

1.4140

1.2294

104

1.1014

0.9497

105 or older

0.6077

0.5002

 

Table 3  Factors

Age

Male

Female

30 or younger

33.3852

32.7477

31

33.0479

32.3932

32

32.7038

32.0328

33

32.3528

31.6661

34

31.9950

31.2930

35

31.6304

30.9130

36

31.2589

30.5265

37

30.8805

30.1331

38

30.4951

29.7329

39

30.1025

29.3257

40

29.7029

28.9117

41

29.2035

28.4127

42

28.6950

27.9059

43

28.1772

27.3918

44

27.6500

26.8695

45

27.1131

26.3391

46

26.5671

25.8007

47

26.0118

25.2543

48

25.4474

24.7001

49

24.8739

24.1396

50

24.2913

23.5727

51

23.4958

22.9999

52

22.6882

22.4215

53

21.8689

21.8378

54

21.0390

21.2498

55

20.1993

20.6581

56

19.6682

20.1463

57

19.1324

19.6313

58

18.5923

19.1137

59

18.0503

18.5931

60

17.5071

18.0691

61

16.9638

17.5422

62

16.4212

17.0127

63

15.8804

16.4815

64

15.3415

15.9498

65

14.8055

15.4184

66

14.2734

14.8886

67

13.7459

14.3613

68

13.2236

13.8378

69

12.7053

13.3161

70

12.1908

12.7974

71

11.6805

12.2822

72

11.1740

11.7708

73

10.6708

11.2588

74

10.1720

10.7513

75

9.6782

10.2497

76

9.1907

9.7561

77

8.7116

9.2726

78

8.2424

8.8015

79

7.7875

8.3410

80

7.3480

7.8913

81

6.9252

7.4222

82

6.5199

6.9665

83

6.1326

6.5241

84

5.7662

6.1001

85

5.4213

5.6960

86

5.0992

5.3148

87

4.8012

4.9598

88

4.5278

4.6350

89

4.2652

4.3345

90

4.0103

4.0579

91

3.7587

3.8029

92

3.5044

3.5659

93

3.2655

3.3406

94

3.0424

3.1229

95

2.8343

2.9064

96

2.6405

2.6842

97

2.4606

2.4469

98

2.2870

2.2073

99

2.1183

1.9795

100

1.9564

1.7638

101

1.7884

1.5600

102

1.6071

1.3688

103

1.3901

1.1719

104

1.0907

0.9197

105 or older

0.6076

0.5002