SCHEDULE
Factors by which an annual amount payable for life shall be multiplied to obtain the capital value of that amount.
FACTOR | ||
|---|---|---|
AGE | ||
FEMALE | MALE | |
Under 35 | 15·55 | 15·15 |
35 and under 40 | 15·10 | 14·60 |
40 and under 45 | 14·55 | 13·95 |
45 and under 50 | 13·90 | 13·10 |
50 | 13·45 | 12·55 |
51 | 13·25 | 12·35 |
52 | 13·10 | 12·15 |
53 | 12·90 | 11·90 |
54 | 12·70 | 11·70 |
55 | 12·50 | 11·45 |
56 | 12·30 | 11·25 |
57 | 12·10 | 11·00 |
58 | 11·90 | 10·75 |
59 | 11·65 | 10·50 |
60 | 11·40 | 10·25 |
61 | 11·20 | 10·00 |
62 | 10·95 | 9·70 |
63 | 10·70 | 9·45 |
64 | 10·40 | 9·15 |
65 | 10·15 | 8·90 |
66 | 9·90 | 8·60 |
67 | 9·60 | 8·35 |
68 | 9·35 | 8·05 |
69 | 9·05 | 7·80 |
70 | 8·75 | 7·50 |
NOTE:—This table is for use in connection with regulation 35(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 21, 22, 23 or 24. Where the compensation is payable before age 60 (females), 65 (males) but will be reduced on the attainment of that age (in connection with National Insurance pension) the table should be used in conjunction with Table II, i.e. Table II should be used for valuing that part of the compensation which ceases to be payable at age 60 or 65 as the case may be and this table should be used for valuing the remainder.
Factors by which an annual amount ceasing at 65 (males) or 60 (females) shall be multiplied to obtain the capital value of that amount.
FACTOR | ||
|---|---|---|
AGE | ||
FEMALE | MALE | |
Under 35 | 13·40 | 14·10 |
35 and under 40 | 12·25 | 13·15 |
40 and under 45 | 10·70 | 11·95 |
45 and under 50 | 8·65 | 10·40 |
50 | 7·15 | 9·30 |
51 | 6·60 | 8·90 |
52 | 6·00 | 8·45 |
53 | 5·35 | 7·95 |
54 | 4·65 | 7·50 |
55 | 3·90 | 6·95 |
56 | 3·15 | 6·40 |
57 | 2·30 | 5·85 |
58 | 1·45 | 5·20 |
59 | ·50 | 4·55 |
60 | — | 3·85 |
61 | — | 3·10 |
62 | — | 2·30 |
63 | — | 1·40 |
64 | — | ·50 |
NOTE:—This table is for use in connection with regulation 35(1) and (2) for the compounding of any part of annual retirement compensation which will cease to be payable on the attainment of age 60 (females), 65 (males). Table I should be used in relation to the remainder of such compensation, i.e. the part which is payable for life—see not on that table.
Factors by which an annual amount payable to a widow until death or re-marriage shall be multiplied to obtain the capital value of that amount.
AGE OF WIDOW AT DATE OF WIDOWHOOD | FACTOR |
|---|---|
20 | 6·00 |
21 | 6·00 |
22 | 6·00 |
23 | 6·00 |
24 | 6·00 |
25 | 6·25 |
26 | 6·60 |
27 | 6·95 |
28 | 7·30 |
29 | 7·65 |
30 | 8·00 |
31 | 8·40 |
32 | 8·75 |
33 | 9·10 |
34 | 9·40 |
35 | 9·75 |
36 | 10·05 |
37 | 10·30 |
38 | 10·55 |
39 | 10·80 |
40 | 11·05 |
41 | 11·25 |
42 | 11·45 |
43 | 11·60 |
44 | 11·75 |
45 | 11·90 |
46 | 12·05 |
47 | 12·15 |
48 | 12·25 |
49 | 12·30 |
50 | 12·30 |
51 | 12·30 |
52 | 12·25 |
53 | 12·20 |
54 | 12·15 |
55 | 12·05 |
56 | 11·95 |
57 | 11·80 |
58 | 11·65 |
59 | 11·50 |
60 | 11·30 |
61 | 11·15 |
62 | 10·95 |
63 | 10·70 |
64 | 10·40 |
65 | 10·15 |
66 | 9·90 |
67 | 9·60 |
68 | 9·35 |
69 | 9·05 |
70 | 8·75 |
NOTE:—This table is for use in connection with regulation 35(1) for compounding annual compensation to a widow under regulation 27. It should also be used, where a reduction of compensation under regulation 27(4) falls to be apportioned between the compensation payable under that regulation and under regulation 28, for ascertaining the capital value of annual compensation to a widow.
Factors by which a lump sum shall be multiplied to obtain an annual amount payable for life equivalent in value.
FACTOR | ||
|---|---|---|
AGE | ||
FEMALE | MALE | |
Under 35 | ·0642917 | ·0660000 |
35 and under 40 | ·0662083 | ·0685000 |
40 and under 45 | ·0687083 | ·0716667 |
45 and under 50 | ·0719583 | ·0763333 |
50 | ·0743333 | ·0796667 |
51 | ·0754583 | ·0809583 |
52 | ·0763333 | ·0822917 |
53 | ·0775000 | ·0840417 |
54 | ·0787500 | ·0854583 |
55 | ·0800000 | ·0873333 |
56 | ·0812917 | ·0888750 |
57 | ·0826250 | ·0909167 |
58 | ·0840417 | ·0930000 |
59 | ·0858333 | ·0952500 |
60 | ·0877083 | ·0975417 |
61 | ·0892917 | ·1000000 |
62 | ·0913333 | ·1030833 |
63 | ·0934583 | ·1058333 |
64 | ·0961667 | ·1092917 |
65 | ·0985000 | ·1123750 |
66 | ·1010000 | ·1162917 |
67 | ·1041667 | ·1197500 |
68 | ·1069583 | ·1242083 |
69 | ·1105000 | ·1282083 |
70 | ·1142917 | ·1333333 |
NOTE:—This table is for use in connection with regulation 25(1) for ascertaining the annual amount by which retirement compensation under regulation 21, 22 or 23 is to be reduced where a claimant has not paid to the compensating authority an amount equal to any sum paid to him by way of pension contributions or that amount has been repaid to him by the compensating authority at his request. It should also be used in connection with regulation 35(2) for calculating for the purposes of that paragraph the annual value of retirement compensation awarded as a lump sum.
Factors by which a lump sum shall be multiplied to obtain an annual amount payable to a widow until death or re-marriage equivalent in value to that lump sum.
AGE OF WIDOW AT DATE OF WIDOWHOOD | FACTOR |
|---|---|
20 | ·1666667 |
21 | ·1666667 |
22 | ·1666667 |
23 | ·1666667 |
24 | ·1666667 |
25 | ·1600000 |
26 | ·1515000 |
27 | ·1438750 |
28 | ·1370000 |
29 | ·1307083 |
30 | ·1250000 |
31 | ·1190417 |
32 | ·1142917 |
33 | ·1098750 |
34 | ·1063750 |
35 | ·1025833 |
36 | ·0995000 |
37 | ·0970833 |
38 | ·0947917 |
39 | ·0925833 |
40 | ·0905000 |
41 | ·0888750 |
42 | ·0873333 |
43 | ·0862083 |
44 | ·0851250 |
45 | ·0840417 |
46 | ·0830000 |
47 | ·0822917 |
48 | ·0816250 |
49 | ·0812917 |
50 | ·0812917 |
51 | ·0812917 |
52 | ·0816250 |
53 | ·0819583 |
54 | ·0822917 |
55 | ·0830000 |
56 | ·0836667 |
57 | ·0847500 |
58 | ·0858333 |
59 | ·0869583 |
60 | ·0885000 |
61 | ·0897083 |
62 | ·0913333 |
63 | ·0934583 |
64 | ·0961667 |
65 | ·0985000 |
66 | ·1010000 |
67 | ·1041667 |
68 | ·1069583 |
69 | ·1105000 |
70 | ·1142917 |
NOTE:—This table is for use in connection with regulation 27(4) for ascertaining the annual amount by which compensation to a widow is to be reduced in the circumstances described in that paragraph. If a reduction is required to be apportioned between compensation payable under regulations 27 and 28, the capital value of annual compensation to a widow should be ascertained by reference to Table III.
Table showing, according to the outstanding period of long-term compensation, the factor by which the total amount of long-term compensation to be compounded shall be multiplied in order to obtain the capital value of that amount.
OUTSTANDING NUMBER OF COMPLETE YEARS OF LONG-TERM COMPENSATION | ||
|---|---|---|
FACTOR | ||
FEMALE | MALE | |
0 | ·984 | ·982 |
1 | ·952 | ·948 |
2 | ·921 | ·915 |
3 | ·892 | ·883 |
4 | ·864 | ·854 |
5 | ·838 | ·827 |
6 | ·813 | ·801 |
7 | ·789 | ·777 |
8 | ·767 | ·754 |
9 | ·746 | ·732 |
10 | ·726 | ·712 |
11 | ·706 | ·693 |
12 | ·688 | ·675 |
13 | ·670 | ·657 |
14 | ·653 | ·641 |
15 | ·637 | ·625 |
16 | ·621 | ·610 |
17 | ·606 | ·596 |
18 | ·592 | ·582 |
19 | ·578 | ·569 |
20 | ·565 | ·556 |
21 | ·552 | ·544 |
22 | ·540 | ·532 |
23 | ·528 | ·520 |
24 | ·516 | ·509 |
25 | ·505 | ·499 |
26 | ·494 | ·489 |
27 | ·484 | ·479 |
28 | ·474 | ·469 |
29 | ·464 | ·459 |
30 | ·455 | ·450 |
NOTE:—This table is for use in connection with regulation 35(1) and (2) for compounding awards of long-term compensation under Part IV of these regulations. The total amount of the annual long-term compensation which is to be compounded must first be calculated, i.e. the amount which the person would receive on account of that compensation or the part of it which is to be compounded, if it were paid until “normal retiring age” (as defined in these regulations). The capital value of that annual long-term compensation will be the total calculated multiplied by the appropriate factor.