Sch 2Table showing maximum percentage of pension that may be commuted

Schedule 2—Table showing maximum percentage of pension that may be commuted Age of member pensioner on birthday next following day on which he first becomes entitled to elect to commute a percentage of pension Maximum Percentage 45 years or less 75% 46 years 72½% 47 years 70% 48 years 67½% 49 years 65% 50 years 62½% 51 years 60% 52 years 57½% 53 years 55% 54 years 52½% 55 years 50% 56 years 46% 57 years 42% 58 years 38% 59 years 34% 60 years or more 30% Note— Under section 21A the maximum percentage for a PSS 1 member pensioner who is 58 years of age or more and has had not less than 20 years service is 40%.