Schedule 2A – converting membership from special membership to standard membership
This section has no associated Explanatory Memorandum
16. After Schedule 2 insert the following—
Part 12, article 84A(4)
“Schedule 2AConverting membership from special membership to standard membership
Table A
Conversion factors for NFPS service
| Age at entry | Age 55 or under | Age 56 | Age 57 | Age 58 | Age 59 | Age 60 |
|---|---|---|---|---|---|---|
| 25 and below | 140% | 139% | 138% | 136% | 135% | 133% |
| 26 | 138% | 139% | 138% | 136% | 135% | 133% |
| 27 | 136% | 137% | 138% | 136% | 135% | 133% |
| 28 | 133% | 135% | 136% | 136% | 135% | 133% |
| 29 | 130% | 132% | 133% | 134% | 135% | 133% |
| 30 | 127% | 129% | 130% | 132% | 133% | 133% |
| 31 | 124% | 126% | 128% | 129% | 130% | 131% |
| 32 | 120% | 123% | 125% | 126% | 127% | 129% |
| 33 | 116% | 119% | 121% | 123% | 125% | 126% |
| 34 | 112% | 115% | 118% | 120% | 122% | 123% |
| 35 | 107% | 111% | 114% | 116% | 118% | 120% |
| 36 | 107% | 106% | 109% | 112% | 115% | 117% |
| 37 | 107% | 106% | 105% | 108% | 111% | 113% |
| 38 | 107% | 106% | 105% | 103% | 106% | 109% |
| 39 | 107% | 106% | 105% | 103% | 102% | 105% |
| 40 and above | 107% | 106% | 105% | 103% | 102% | 100% |
Table B
Conversion factors for NFPS added 60ths
| Age 55 or under | Age 56 | Age 57 | Age 58 | Age 59 | Age 60 | |
|---|---|---|---|---|---|---|
| 107% | 106% | 105% | 103% | 102% | 100%” |