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Schedule

Original text. Later amendments are not shown.

Capital value of £1 per annum payable for life
Age
FemaleMale
£s.d.£s.d.
Under 35151101530
35 and under 40152014120
40 and under 451411013190
45 and under 50131801320
50139012110
5113501270
5213201230
531218011180
541214011140
55121001190
5612601150
5712201100
581118010150
591113010100
6011801050
6111401000
62101909140
6310140990
641080930
6510308180
6691808120
679120870
68970810
699107160
7081507100

NOTE:—This table is for use in connection with regulation 31(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 18, 19 or 20. Where the compensation is payable before age 60 (females), 65 (males) but will be reduced on reaching that age (in connection with National Insurance pension) the table should be used in conjunction with Table II, i.e.Table II 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.

TABLE II

Table showing the capital value of an amount of £1 per annum ceasing at age 60 (females), 65 (males)

Capital value
Age
FemaleMale
£s.d.£s.d.
Under 3513801420
35 and under 4012501330
40 and under 451014011190
45 and under 5081301080
50730960
5161208180
52600890
535707190
5441307100
5531806190
56330680
572605170
58190540
591004110
60—3170
61—320
62—260
63—180
64—100

NOTE:—This table is for use in connection with regulation 31(1) and (2) for the compounding of any part of annual retirement compensation which will cease to be payable on reaching age 60 (females), 65 (males).Table I should be used in relation to the remainder of such compensation, i.e. the part which is payable for life—see note on that table.

TABLE III

Table showing the annual amount payable for life equivalent in value to a lump sum of £100

Annual sum, payable for life, equal in value to a lump sum of £100
Age
FemaleMale
£s.d.£s.d.
Under 356876120
35 and under 4061256170
40 and under 456125734
45 and under 5073117128
507887194
517887194
527128847
537150881
54717681011
558008148
568278179
578539110
58881960
5981189106
6081559151
6181871000
629281062
63961110118
64912410187
6591701149
66102011127
67108411196
681013111285
69111012165
7011871368

NOTE:—This table is for use in connection with regulation 21(1) for ascertaining the annual amount by which retirement compensation under regulation 18,19 or 20 is to be reduced where a claimant has not paid to the Corporation an amount equal to any sum paid to him by way of pension contributions or that amount has been repaid to him by the Corporation at his request. It should also be used in connection with regulation 31(2) for calculating for the purposes of that paragraph the annual value of retirement compensation awarded as a lump sum.

TABLE IV

Table showing, according to the outstanding period of long-term compensation, the capital value of each £100 of the total amount of long-term compensation compounded

Outstanding number of complete years of long-term compensationCapital value of each £100 of the total amount of long-term compensation
FemaleMale
£s.d.£s.d.
098809840
1954094160
2922091100
389408860
486808580
58316082140
681608020
77818077140
8761407580
9741207340
10721207140
11701206960
12681606960
13670065140
1465606420
156314062100
1662206100
176012059120
1859405840
195716056180
205610055120
2155405480
2254005340
23521605200
245112050180
255010049180
26498048180
27488047180
28478046180
29468045180
30451004500

NOTE:—This table is for use in connection with regulation 31(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, i.e. 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 “normal retiring age” (as defined in regulation 2(1)). 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 “normal retiring age”.