Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016
SCHEDULE 2 - Appropriate perceSCHEDULE 2 - Appropriate percentage for purposes of regulation 20
Start here
Get a plain-English read of SCHEDULE 2 - Appropriate perce
Turn the raw legal text into a practical explanation grounded in Public Sector Superannuation Reform (Parliamentary Superannuation) Regulations 2016.
SCHEDULE 2 - Appropriate perce SCHEDULE 2 - Appropriate percentage for purposes of regulation 20
1. For the purposes of regulation 20 , the appropriate percentage is as follows:
| FIRST COLUMNMember's period of service | SECOND COLUMNAppropriate percentage | | | % | | 15 years or more but less than 16 years | 62·50 | | 16 years or more but less than 17 years | 64·00 | | 17 years or more but less than 18 years | 65·50 | | 18 years or more but less than 19 years | 67·00 | | 19 years or more but less than 20 years | 68·50 | | 20 years or more | 70·00 |
2. The appropriate percentage relating to any period of service is to be increased by 1/12th of the difference between that factor and the next following factor for each complete month by which the service of the person entitled exceeds that for which a factor is given.