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2. The formula mentioned in paragraph 1 is—
where—
T is the length in years and fractions of a year of the period relating to the excess;
R is the remuneration of the employee at the time he made the election under regulation C6 or, in the case of a male employee, an election under regulation C8 to pay by the method described in regulation C8(5)(c);
F is the figure specified, opposite to the age of the employee on his birthday next following the date on which he made that election, in the relevant column of Table I or Table II in relation to an election under regulation C6 and Table III below in relation to an election, under regulation C8 appropriate to his pensionable age as defined in paragraph 3.
Age on birthday next following election | Figure to be used by reference to the under-mentioned pensionable age | |||||||
---|---|---|---|---|---|---|---|---|
Employee to whom on retirement regulation E3(2) would apply | Others | |||||||
65 | 60 | Over 60 and under 61 | 61 and under 62 | 62 and under 63 | 63 and under 64 | 64 and under 65 | 65 | |
40 | 18.60 | 18.40 | 17.90 | 17.50 | 17.10 | 16.70 | 16.50 | |
41 | 18.70 | 18.40 | 18.00 | 17.60 | 17.20 | 16.70 | 16.50 | |
42 | 18.80 | 18.50 | 18.00 | 17.60 | 17.20 | 16.80 | 16.60 | |
43 | 18.90 | 18.60 | 18.10 | 17.70 | 17.20 | 16.80 | 16.60 | |
44 | 19.00 | 18.70 | 18.20 | 17.80 | 17.30 | 16.90 | 16.70 | |
45 | 19.10 | 18.80 | 18.30 | 17.90 | 17.40 | 16.90 | 16.70 | |
46 | 17.30 | 19.20 | 18.90 | 18.40 | 18.00 | 17.50 | 17.00 | 16.80 |
47 | 17.40 | 19.30 | 19.00 | 18.50 | 18.10 | 17.60 | 17.10 | 16.90 |
48 | 17.50 | 19.40 | 19.10 | 18.60 | 18.20 | 17.70 | 17.20 | 17.00 |
49 | 17.60 | 19.50 | 19.20 | 18.70 | 18.30 | 17.80 | 17.30 | 17.10 |
50 | 17.70 | 19.70 | 19.40 | 18.80 | 18.40 | 17.90 | 17.40 | 17.20 |
51 | 17.80 | 19.90 | 19.60 | 19.00 | 18.50 | 18.00 | 17.50 | 17.30 |
52 | 17.90 | 20.10 | 19.80 | 19.20 | 18.70 | 18.10 | 17.60 | 17.40 |
53 | 18.00 | 20.30 | 20.00 | 19.40 | 18.90 | 18.30 | 17.70 | 17.50 |
54 | 18.10 | 20.50 | 20.20 | 19.60 | 19.10 | 18.50 | 17.80 | 17.60 |
55 | 18.30 | 20.70 | 20.40 | 19.80 | 19.30 | 18.70 | 18.00 | 17.80 |
56 | 18.50 | 20.90 | 20.60 | 20.00 | 19.50 | 18.90 | 18.20 | 18.00 |
57 | 18.70 | 21.20 | 20.90 | 20.20 | 19.70 | 19.10 | 18.40 | 18.20 |
58 | 18.90 | 21.50 | 21.20 | 20.50 | 19.90 | 19.30 | 18.60 | 18.40 |
59 | 19.10 | 21.80 | 21.50 | 20.80 | 20.10 | 19.50 | 18.80 | 18.60 |
60 | 19.40 | 21.10 | 20.40 | 19.70 | 19.10 | 18.80 | ||
61 | 19.70 | 20.70 | 19.50 | 19.30 | 19.00 | |||
62 | 20.00 | 20.10 | 19.50 | 19.30 | ||||
63 | 20.30 | 19.70 | 19.60 | |||||
64 | 29.70 | 19.90 |
Age on birthday next following election | Figure to be used by reference to the under-mentioned pensionable age | |||||||
---|---|---|---|---|---|---|---|---|
Employee to whom on retirement regulation E3(2) would apply | Others | |||||||
65 | 60 | Over 60 and under 61 | 61 and under 62 | 62 and under 63 | 63 and under 64 | 64 and under 65 | 65 | |
40 | 19.40 | 19.10 | 18.60 | 18.00 | 17.40 | 16.90 | 16.60 | |
41 | 19.60 | 19.30 | 18.70 | 18.10 | 17.50 | 17.00 | 16.70 | |
42 | 19.70 | 19.40 | 18.80 | 18.20 | 17.60 | 17.10 | 16.80 | |
43 | 19.80 | 19.50 | 18.90 | 18.30 | 17.80 | 17.20 | 16.90 | |
44 | 19.90 | 19.60 | 19.00 | 18.40 | 17.90 | 17.30 | 17.00 | |
45 | 20.10 | 19.70 | 19.10 | 18.50 | 18.00 | 17.40 | 17.10 | |
46 | 18.80 | 20.20 | 19.90 | 19.20 | 18.60 | 18.10 | 17.50 | 17.20 |
47 | 18.90 | 20.40 | 20.00 | 19.40 | 18.80 | 18.20 | 17.60 | 17.30 |
48 | 19.00 | 20.50 | 20.20 | 19.50 | 18.90 | 18.30 | 17.70 | 17.40 |
49 | 19.10 | 20.60 | 20.30 | 19.60 | 19.00 | 18.40 | 17.80 | 17.50 |
50 | 19.20 | 20.80 | 20.40 | 19.80 | 19.20 | 18.60 | 17.90 | 17.60 |
51 | 19.30 | 21.00 | 20.60 | 19.90 | 19.30 | 18.70 | 18.00 | 17.70 |
52 | 19.40 | 21.10 | 20.80 | 20.10 | 19.40 | 18.80 | 18.20 | 17.90 |
53 | 19.50 | 21.30 | 21.00 | 20.30 | 19.60 | 19.00 | 18.30 | 18.00 |
54 | 19.60 | 21.50 | 21.20 | 20.40 | 19.80 | 19.10 | 18.40 | 18.10 |
55 | 19.80 | 21.70 | 21.40 | 20.60 | 19.90 | 19.20 | 18.60 | 18.20 |
56 | 20.00 | 21.90 | 21.60 | 20.80 | 20.10 | 19.40 | 18.70 | 18.30 |
57 | 20.20 | 22.10 | 21.80 | 21.00 | 20.30 | 19.60 | 18.80 | 19.50 |
58 | 20.40 | 22.30 | 22.00 | 21.20 | 20.50 | 19.80 | 19.00 | 18.70 |
59 | 20.60 | 22.60 | 22.20 | 21.40 | 20.70 | 20.00 | 19.20 | 18.90 |
60 | 20.80 | 21.70 | 20.50 | 20.20 | 19.40 | 19.10 | ||
61 | 21.10 | 21.20 | 20.40 | 19.60 | 19.30 | |||
62 | 21.40 | 20.50 | 19.80 | 19.50 | ||||
63 | 21.70 | 20.00 | 19.80 | |||||
64 | 22.00 | 20.10 |
Age on birthday next following election | Figure to be used by reference to the under-mentioned pensionable age | |||||
---|---|---|---|---|---|---|
60 | 61 | 62 | 63 | 64 | 65 | |
25 | 2.76 | |||||
26 | 2.61 | |||||
27 | 2.51 | |||||
28 | 2.44 | |||||
29 | 2.39 | |||||
30 | 2.35 | |||||
31 | 2.31 | |||||
32 | 2.28 | |||||
33 | 2.25 | |||||
34 | 2.23 | |||||
35 | 2.21 | |||||
36 | 2.20 | |||||
37 | 2.19 | 2.11 | ||||
38 | 2.19 | 2.11 | 2.06 | |||
39 | 2.19 | 2.11 | 2.06 | 2.01 | ||
40 | 2.20 | 2.12 | 2.06 | 2.01 | 1.97 | |
41 | 2.20 | 2.12 | 2.07 | 2.02 | 1.97 | 1.95 |
42 | 2.21 | 2.12 | 2.07 | 2.02 | 1.98 | 1.95 |
43 | 2.22 | 2.13 | 2.08 | 2.03 | 1.98 | 1.96 |
44 | 2.23 | 2.14 | 2.09 | 2.04 | 1.99 | 1.96 |
45 | 2.24 | 2.15 | 2.10 | 2.05 | 2.00 | 1.97 |
46 | 2.25 | 2.16 | 2.11 | 2.06 | 2.01 | 1.98 |
47 | 2.27 | 2.17 | 2.12 | 2.07 | 2.02 | 1.99 |
48 | 2.29 | 2.19 | 2.13 | 2.08 | 2.03 | 2.00 |
49 | 2.31 | 2.21 | 2.15 | 2.09 | 2.04 | 2.01 |
50 | 2.33 | 2.23 | 2.17 | 2.10 | 2.05 | 2.02 |
51 | 2.35 | 2.25 | 2.19 | 2.12 | 2.06 | 2.03 |
52 | 2.37 | 2.27 | 2.21 | 2.14 | 2.07 | 2.04 |
53 | 2.39 | 2.29 | 2.23 | 2.16 | 2.09 | 2.06 |
54 | 2.41 | 2.31 | 2.25 | 2.18 | 2.11 | 2.08 |
55 | 2.44 | 2.33 | 2.27 | 2.20 | 2.13 | 2.10 |
56 | 2.47 | 2.35 | 2.29 | 2.22 | 2.15 | 2.12 |
57 | 2.50 | 2.38 | 2.31 | 2.24 | 2.17 | 2.14 |
58 | 2.53 | 2.41 | 2.34 | 2.26 | 2.19 | 2.16 |
59 | 2.56 | 2.44 | 2.37 | 2.29 | 2.21 | 2.18 |
60 | 2.48 | 2.40 | 2.32 | 2.24 | 2.21 | |
61 | 2.43 | 2.35 | 2.27 | 2.24 | ||
62 | 2.38 | 2.30 | 2.27 | |||
63 | 2.33 | 2.30 | ||||
64 | 2.34 |
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