SCHEDULE 3DEMOGRAPHIC ASSUMPTIONS
Proportion married and age differences of members and dependants
3.
(1)
The following table shows the assumed proportion of members that are married and assumed age differences of members and dependants—
Age | Proportion of members that are married | Age difference (years) [male – female] | |
|---|---|---|---|
Male | Female | ||
20 | 0.800 | 0.032 | 0.5 |
25 | 0.800 | 0.256 | 1.0 |
30 | 0.800 | 0.532 | 1.5 |
35 | 0.800 | 0.672 | 2.0 |
40 | 0.800 | 0.707 | 2.5 |
45 | 0.800 | 0.723 | 3.0 |
50 | 0.800 | 0.731 | 3.0 |
55 | 0.800 | 0.738 | 3.0 |
60 | 0.800 | 0.742 | 3.0 |
65 | 0.800 | 0.746 | 3.0 |
(2)
After age 65 it is assumed that males are three years older than females.
(3)
The assumed proportion married after Normal Retirement Date must be calculated using the proportion at Normal Retirement Date adjusted thereafter by the assumed dependant’s mortality.