Paragraph 1 I1

England, Wales and Scotland

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 5 para. 1 words substituted by Local Government Superannuation 1992 reg. 39(1)(a)
Sch. 5 para. 1 Table 2 inserted by Local Government Superannuation 1992 reg. 39(1)(b) Sch. Pt. 1
Sch. 5 para. 6 inserted by Local Government Superannuation 1992 reg. 39(2)(a)
Sch. 5 para. 6 Table 2 inserted by Local Government Superannuation 1992 reg. 39(2)(b) Sch. Pt. 2

The amount to be paid by an employee who has under regulation C8 elected to make payment by a lump sum is—

\frac{A \times B \times C}{100}

, where—

A is the length of the period of reckonable service specified in his notice of election, expressed in complete years and any fraction of a year,
B is his remuneration at the date of the election, and
C is, in the case of a man, the figure specified in column 2 of the Table below against his age on his birthday following the date of the election; and in the case of a woman, a figure to be specified by the Government Actuary.

TABLE

1.	2.
Age on birthday next following election	Figure to be used
25	2.76
26	2.61
27	2.51
28	2.44
29	2.39
30	2.35
31	2.31
32	2.28
33	2.25
34	2.23
35	2.21
36	2.20
37	2.18
38	2.17
39	2.16
40	2.15
41	2.14
42	2.13
43	2.12
44	2.11
45	2.10
46	2.09
47	2.08
48	2.08
49	2.09
50	2.10
51	2.12
52	2.14
53	2.16
54	2.18
55	2.20
56	2.22
57	2.24
58	2.26
59	2.28
60	2.30
61	2.31
62	2.32
63	2.33
64	2.34

Annotations