Example Calculations
Contents
Example Calculations: Retirement Awards – Normal Pension Age (NPA) 60 – Example 1: Age Retirement – Example 2: ARB Retirement at age 56 and 8 months payable before 1 October 2007 – Example 3: ARB Retirement at age 56 and 8 months payable on or after 1 October 2007 – Example 4: Premature Retirement at age 56 and 8 months payable before 1 October 2007 – Example 5: Premature Retirement at age 56 and 8 months payable on or after 1 October 2007 – Example 6: Ill Health Example Calculations of Purchasing Additional Pension – NPA 60 Phased Retirement – Example Calculation of Average Contributable Salary (PDF) Phased Retirement (PHR) Award and Final Retirement After PHR – Example Calculations (PDF)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 example retirement calculations show the difference the new factors make when applying them to retirement benefits.
Example Calculations of Purchasing Additional Pension are also available.
Example Calculations for Phased Retirement are now available:
Phased Retirement – Example Calculation of Average Contributable Salary (PDF)
Phased Retirement (PHR) Award & Final Retirement After PHR – Example Calculations (PDF)
Please refer to the Calculators section for online calculators to assist you with pension planning.