Employers' Guide
Appendix 5a - Early Retirement Factors from 1 October 2007
Contents
1. Pension and Lump Sum Factors for NPA 65 members 2. Pension and Lump Sum Factors for NPA 60 members from 1 October 2007Please note that new actuarial reduction factors are being introduced in respect of all actuarially reduced and premature retirement benefits payable on or after 1 October 2007. The new NPA 60 factors provide a single (age-related) reduction factor that applies to both the pension and lump sum. This is consistent with the single factor approach in respect of members retiring early with an NPA of 65. Click here to view the pre 1 October 2007 factors for NPA 60 members.
1. Pension and Lump Sum Factors for NPA 65 members
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 |
2. Pension and Lump Sum Factors for NPA 60 members from 1 October 2007
Complete Months
| 0 | 1 | 2 | 3 | 4 | 5 | |
|---|---|---|---|---|---|---|
50 |
0.617 |
0.619 |
0.621 |
0.624 |
0.626 |
0.628 |
51 |
0.643 |
0.645 |
0.648 |
0.650 |
0.653 |
0.655 |
52 |
0.672 |
0.675 |
0.677 |
0.680 |
0.682 |
0.685 |
53 |
0.703 |
0.706 |
0.709 |
0.712 |
0.714 |
0.717 |
54 |
0.737 |
0.740 |
0.743 |
0.746 |
0.749 |
0.752 |
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 | |
50 |
0.630 |
0.632 |
0.634 |
0.637 |
0.639 |
0.641 |
51 |
0.658 |
0.660 |
0.662 |
0.665 |
0.667 |
0.670 |
52 |
0.688 |
0.690 |
0.693 |
0.695 |
0.698 |
0.700 |
53 |
0.720 |
0.723 |
0.726 |
0.729 |
0.731 |
0.734 |
54 |
0.755 |
0.758 |
0.761 |
0.764 |
0.767 |
0.770 |
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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