Part A CAPITAL VALUES

Capital value of £1 per annum, ceasing at age 60 (females), 65 (males), which attracts pension increase from age 55 or retirement age if greater.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for the compounding of any part of annual retirement compensation which will cease to be payable on the attainment of age 60 (in the case of females) or 65 (in the case of males). Table II(a) should be used in relation to the remainder of such compensation, ie the part which is payable for life—see note on that table.

Capital value of £1 per annum, ceasing at age 60 (females), 65 (males), which attracts pension increase from the outset of the pension.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for the compounding of any part of annual retirement compensation which will cease to be payable on the attainment of age 60 (in the case of females) or 65 (in the case of males). Table II(b) should be used in relation to the remainder of such compensation, ie the part which is payable for life—see note on that table.

The capital value of an annual amount of £1 per annum, payable for life, which attracts pensions increase when the officer attains age 55, or immediately on retirement if age 55 has already been attained.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 18, 19(1)(ii) or 20. Where the compensation is payable before age 60 (in the case of females) or 65 (in the case of males) but will be reduced on the attainment of that age to take account of a National Insurance or Social Security pension, the table should be used in conjunction with Table I(a) ie Table I(a) should be used for valuing that part of the compensation which ceases to be payable at 60 (65) and this table should be used for valuing the remainder. This table is not applicable for—

1. (i)

   compounding annual retirement compensation on incapacity under regulation 19(1)(i)—Table II(b) should be used for that purpose;

2. (ii)

   compounding an annual sum payable to a widow under regulation 23 of the regulations (Table III should be used);

3. (iii)

   compounding annual retirement compensation which will not begin to be paid until some future date.

The capital value of an annual payment of £1, payable for life and attracting pensions increase from the outset.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 19(1)(i) if he becomes incapacitated before normal retiring age. Where the compensation is payable before age 60 (in the case of females) or 65 (in the case of males) but will be reduced on the attainment of that age to take account of a National Insurance or Social Security pension, the table should be used in conjunction with Table I(b) ie Table I(b) should be used for valuing that part of the compensation which ceases to be payable at 60(65) and this table should be used for valuing the remainder.

This table is not applicable for—

1. (i)

   compounding an annual sum payable to a widow under regulation 23 (Table III should be used);

2. (ii)

   compounding annual retirement compensation which will not begin to be paid until some future date.

Capital value of an annual amount of £1, which attracts pensions increase from the outset, payable to a widow until death or remarriage.

NOTE:—This table is for use in connection with regulation 33(1) for compounding annual compensation payable to a widow under regulation 23. It should also be used, where a reduction of compensation under regulation 23(7) falls to be apportioned between the compensation payable under that regulation and under regulation 24, for ascertaining the capital value of annual compensation to a widow.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for compounding awards of long-term compensation under Part IV. The total amount of the annual long-term compensation which is to be compounded must first be calculated, ie the amount which the person would receive on account of that compensation, or that part of it which is to be compounded, if it were paid until age 60. For each £100 so calculated, the lump sum payment will be the amount shown in the table according to the number of complete years in the period between the date of compounding and age 60.

NOTE:—This table is for use in connection with regulation 33(1) and (2) for compounding awards of long-term compensation under Part IV. The total amount of the annual long-term compensation which is to be compounded must first be calculated, ie the amount which the person would receive on account of that compensation, or the part of it which is to be compounded, if it were paid until age 70. For each £100 so calculated, the lump sum payable will be the amount shown in the table according to the number of complete years in the period between the date of compounding and age 70.