1.—(1) In the case of a man, the lump sum mentioned in article 62(1)(a) is A x B, where—N.I.
A is the specified number of sixtieths of his average pensionable pay, and
B is the percentage of his total pensionable pay during the year ending with the date of the election (“the relevant period”) ascertained from the Table in paragraph 5 by reference to his age on his next birthday after that date and on his retirement date.
(2) For the purposes of sub-paragraph (1)—
(a)any reduction of pensionable pay during —
(i)sick leave;
(ii)stoppage by way of punishment;
(iii)paid maternity, adoption or paternity leave;
(iv)unpaid ordinary maternity or ordinary adoption leave;
(v)unpaid ordinary maternity leave, additional maternity leave or additional adoption leave where contributions have been paid under article 58
shall be disregarded; and
(b)if he was in receipt of pensionable pay for part only of the relevant period, his total pensionable pay during the relevant period is his total pensionable pay for that part multiplied by the reciprocal of the fraction of the period which that part represents.
Commencement Information
I1Sch. 7 Pt. 1 para. 1 in operation at 1.4.2006, see art. 1(2)
2. In the case of a woman, the lump sum mentioned in article 62(1)(a) is the amount determined by the Government Actuary to be appropriate to the additional benefits secured by the election.N.I.
Commencement Information
I2Sch. 7 Pt. 1 para. 2 in operation at 1.4.2006, see art. 1(2)
3.—(1) In the case of a man, the amount for any period of the contributions mentioned in article 62(1)(b) is A x C, where—N.I.
A is the specified number of sixtieths of his average pensionable pay, and
C is the percentage of his pensionable pay for the period ascertained from the Table in paragraph 5 by reference to his age on his next birthday after the date of the election and on his retirement date.
(2) For the purposes of sub-paragraph (1)—
(a)any reduction of pay during:-
(i)sick leave;
(ii)stoppage by way of punishment;
(iii)paid adoption or paternity leave;
(iv)ordinary adoption leave; or
(v)additional adoption leave where contributions have been made up under article 58,
shall be disregarded; and
(b)for any period for which he is for any reason disentitled to pensionable pay, his pensionable pay shall be taken to be what it would have been but for the disentitlement.
Commencement Information
I3Sch. 7 Pt. 1 para. 3 in operation at 1.4.2006, see art. 1(2)
4. In the case of a woman, the rate of the contributions mentioned in article 62(1)(b) is the rate determined by the Government Actuary to be appropriate to the additional benefits secured by the election.N.I.
Commencement Information
I4Sch. 7 Pt. 1 para. 4 in operation at 1.4.2006, see art. 1(2)
5. The following Table is that referred to in paragraphs 1 and 3.N.I.
| Age next birthday | Age on retirement date | |||
|---|---|---|---|---|
| 60 or over | Under 60 | |||
| Percentage Lump sum | Contributions | Percentage Lump sum | Contributions | |
| 26 | 33.90 | 1.24 | ||
| 27 | 33.90 | 1.29 | ||
| 28 | 33.80 | 1.35 | ||
| 29 | 33.80 | 1.41 | ||
| 30 | 33.70 | 1.48 | ||
| 31 | 27.30 | 0.96 | 33.70 | 1.56 |
| 32 | 26.70 | 1.00 | 33.60 | 1.64 |
| 33 | 26.30 | 1.04 | 33.60 | 1.73 |
| 34 | 26.10 | 1.08 | 33.50 | 1.82 |
| 35 | 26.00 | 1.12 | 33.40 | 1.92 |
| 36 | 26.00 | 1.16 | 33.20 | 2.03 |
| 37 | 26.00 | 1.21 | 32.90 | 2.15 |
| 38 | 25.90 | 1.27 | 32.50 | 2.28 |
| 39 | 25.90 | 1.33 | 32.10 | 2.42 |
| 40 | 25.90 | 1.40 | 31.60 | 2.57 |
| 41 | 25.90 | 1.48 | 31.00 | 2.74 |
| 42 | 25.90 | 1.57 | 30.20 | 2.94 |
| 43 | 25.90 | 1.67 | 29.20 | 3.18 |
| 44 | 25.90 | 1.77 | 28.20 | 3.48 |
| 45 | 25.90 | 1.88 | 27.30 | 3.85 |
| 46 | 25.90 | 2.00 | 26.70 | 4.30 |
| 47 | 25.90 | 2.14 | 26.30 | 4.84 |
| 48 | 25.80 | 2.31 | 26.30 | 5.49 |
| 49 | 25.80 | 2.52 | 26.60 | 6.28 |
| 50 | 25.80 | 2.78 | 27.00 | 7.34 |
| 51 | 25.80 | 3.10 | 27.50 | 8.91 |
| 52 | 25.80 | 3.50 | 28.10 | 11.45 |
| 53 | 25.80 | 4.02 | 28.70 | 16.44 |
| 54 | 25.70 | 4.70 | 29.20 | |
| 55 | 25.70 | 5.60 | 29.60 | |
| 56 | 25.70 | 6.86 | ||
| 57 | 25.80 | 9.05 | ||
| 58 | 25.80 | 13.43 | ||
| 59 | 25.90 | |||
| 60 | 26.00 | |||
Commencement Information
I5Sch. 7 Pt. 1 para. 5 in operation at 1.4.2006, see art. 1(2)