Sch 1Lump sum factors

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Schedule 1—Lump sum factors

Section 40(1A)

Column 1<br>Age	Column 2<br>Lump sum factor	Column 3<br>Lump sum factor to be subtracted from factor in Column 2 for each additional completed month of age
	$ c	$ c
50	15.20	0.0333
51	14.80	0.0250
52	14.50	0.0250
53	14.20	0.0250
54	13.90	0.0250
55	13.60	0.0167
56	13.40	0.0167
57	13.20	0.0167
58	13.00	0.0167
59	12.80	0.0167
60	12.60	0.0167
61	12.40	0.0083
62	12.30	0.0083
63	12.20	0.0083
64	12.10	0.0083
65	12.00

Note: The lump sum for any age over 65 years shall be determined by an actuary appointed by the Board.

Sch. 2 inserted by No. 95/2000 s. 15, substituted by No. 73/2001 s. 8(2), amended by Nos 40/2005 s. 129(1), 50/2013 s. 12.

Schedule Sch 1 - State Employees Retirement Benefits Act 1979 - Lump sum factors | Zoe