1. The amount to be paid by an employee who has under regulation C8 elected to make payment by a lump sum is—
, where—
A is the length of the period of reckonable service specified in his notice of election, expressed in complete years and any fraction of a year,
B is his remuneration at the date of the election, and
C is, in the case of a man, the figure specified in column 2 of the Table below against his age on his birthday following the date of the election; and in the case of a woman, a figure to be specified by the Government Actuary.
TABLE
1. | 2. |
---|---|
Age on birthday next following election | Figure to be used |
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 | 2.18 |
38 | 2.17 |
39 | 2.16 |
40 | 2.15 |
41 | 2.14 |
42 | 2.13 |
43 | 2.12 |
44 | 2.11 |
45 | 2.10 |
46 | 2.09 |
47 | 2.08 |
48 | 2.08 |
49 | 2.09 |
50 | 2.10 |
51 | 2.12 |
52 | 2.14 |
53 | 2.16 |
54 | 2.18 |
55 | 2.20 |
56 | 2.22 |
57 | 2.24 |
58 | 2.26 |
59 | 2.28 |
60 | 2.30 |
61 | 2.31 |
62 | 2.32 |
63 | 2.33 |
64 | 2.34 |