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Employers' Guide

Appendix 5 - Early Retirement Factors from 1 October 2007 to 30 June 2011

Please note that these factors are only applicable to members with a payable date on or before 30 June 2011. Following the budget announcement on 23 March 2011 about the change in the discount rate, the factors for early retirement (commonly referred to as Actuarially Reduced Benefits) change with effect from 1 July 2011. Members with a payable date on or after 1 July 2011 will have benefits calculated on these factors.

1. Pension and Lump Sum Factors for NPA 65 members - payable on or before 30 June 2011

Complete Months

	0	1	2	3	4	5
55	0.582	0.585	0.587	0.590	0.592	0.595
56	0.612	0.615	0.617	0.620	0.623	0.625
57	0.644	0.647	0.650	0.653	0.655	0.658
58	0.678	0.681	0.684	0.687	0.690	0.693
59	0.714	0.717	0.721	0.724	0.727	0.730
60	0.753	0.757	0.760	0.764	0.767	0.771
61	0.795	0.799	0.803	0.807	0.810	0.814
62	0.841	0.845	0.849	0.853	0.857	0.861
63	0.890	0.894	0.899	0.903	0.908	0.912
64	0.943	0.948	0.953	0.957	0.962	0.967
	6	7	8	9	10	11
55	0.597	0.600	0.602	0.605	0.607	0.610
56	0.628	0.631	0.633	0.636	0.639	0.641
57	0.661	0.664	0.667	0.670	0.672	0.675
58	0.696	0.699	0.702	0.705	0.708	0.711
59	0.734	0.737	0.740	0.743	0.747	0.750
60	0.774	0.778	0.781	0.785	0.788	0.792
61	0.818	0.822	0.826	0.830	0.833	0.837
62	0.866	0.870	0.874	0.878	0.882	0.886
63	0.917	0.921	0.925	0.930	0.934	0.939
64	0.972	0.976	0.981	0.986	0.991	0.995

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2. Pension and Lump Sum Factors for NPA 60 members - payable from 1 October 2007 to 30 June 2011 inclusive

Complete Months

	0	1	2	3	4	5
55	0.773	0.776	0.780	0.783	0.786	0.790
56	0.813	0.817	0.820	0.824	0.827	0.831
57	0.855	0.859	0.863	0.866	0.870	0.874
58	0.900	0.904	0.908	0.912	0.916	0.920
59	0.948	0.952	0.957	0.961	0.965	0.970
	6	7	8	9	10	11
55	0.793	0.796	0.800	0.803	0.806	0.810
56	0.834	0.838	0.841	0.845	0.848	0.852
57	0.878	0.881	0.885	0.889	0.893	0.896
58	0.924	0.928	0.932	0.936	0.940	0.944
59	0.974	0.978	0.983	0.987	0.991	0.996

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Jump to section... Introduction Membership Appointments Absences Leavers Increasing Benefits Retirement Ill Health Calculating Benefit Abatement Death in Service TP Records Contributions Annual Return End of Year Cert. Form TR17A National Insurance Pension Sharing Employer Services Arrears Appendix 1 Appendix 2 Appendix 3 Appendix 4 Appendix 5 Appendix 6 Appendix 7 Appendix 8 Appendix 9 Glossary

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