Paragraph 2

The formula mentioned in paragraph 1 is—

\frac{T \times R \times F}{100},

where—

T is the length in years and fractions of a year of the period relating to the excess;
R is the remuneration of the employee at the time he made the election under regulation C6 or, in the case of a male employee, an election under regulation C8 to pay by the method described in regulation C8(5)(c);
F is the figure specified, opposite to the age of the employee on his birthday next following the date on which he made that election, in the relevant column of Table I or Table II in relation to an election under regulation C6 and Table III below in relation to an election, under regulation C8 appropriate to his pensionable age as defined in paragraph 3.

TABLE I

MALES

Age on birthday next following election	Figure to be used by reference to the under-mentioned pensionable age
	Employee to whom on retirement regulation E3(2) would apply	Others
	65	60	Over 60 and under 61	61 and under 62	62 and under 63	63 and under 64	64 and under 65	65
40		18.60	18.40	17.90	17.50	17.10	16.70	16.50
41		18.70	18.40	18.00	17.60	17.20	16.70	16.50
42		18.80	18.50	18.00	17.60	17.20	16.80	16.60
43		18.90	18.60	18.10	17.70	17.20	16.80	16.60
44		19.00	18.70	18.20	17.80	17.30	16.90	16.70
45		19.10	18.80	18.30	17.90	17.40	16.90	16.70
46	17.30	19.20	18.90	18.40	18.00	17.50	17.00	16.80
47	17.40	19.30	19.00	18.50	18.10	17.60	17.10	16.90
48	17.50	19.40	19.10	18.60	18.20	17.70	17.20	17.00
49	17.60	19.50	19.20	18.70	18.30	17.80	17.30	17.10
50	17.70	19.70	19.40	18.80	18.40	17.90	17.40	17.20
51	17.80	19.90	19.60	19.00	18.50	18.00	17.50	17.30
52	17.90	20.10	19.80	19.20	18.70	18.10	17.60	17.40
53	18.00	20.30	20.00	19.40	18.90	18.30	17.70	17.50
54	18.10	20.50	20.20	19.60	19.10	18.50	17.80	17.60
55	18.30	20.70	20.40	19.80	19.30	18.70	18.00	17.80
56	18.50	20.90	20.60	20.00	19.50	18.90	18.20	18.00
57	18.70	21.20	20.90	20.20	19.70	19.10	18.40	18.20
58	18.90	21.50	21.20	20.50	19.90	19.30	18.60	18.40
59	19.10	21.80	21.50	20.80	20.10	19.50	18.80	18.60
60	19.40			21.10	20.40	19.70	19.10	18.80
61	19.70				20.70	19.50	19.30	19.00
62	20.00					20.10	19.50	19.30
63	20.30						19.70	19.60
64	29.70							19.90

TABLE II

FEMALES

Age on birthday next following election	Figure to be used by reference to the under-mentioned pensionable age
	Employee to whom on retirement regulation E3(2) would apply	Others
	65	60	Over 60 and under 61	61 and under 62	62 and under 63	63 and under 64	64 and under 65	65
40		19.40	19.10	18.60	18.00	17.40	16.90	16.60
41		19.60	19.30	18.70	18.10	17.50	17.00	16.70
42		19.70	19.40	18.80	18.20	17.60	17.10	16.80
43		19.80	19.50	18.90	18.30	17.80	17.20	16.90
44		19.90	19.60	19.00	18.40	17.90	17.30	17.00
45		20.10	19.70	19.10	18.50	18.00	17.40	17.10
46	18.80	20.20	19.90	19.20	18.60	18.10	17.50	17.20
47	18.90	20.40	20.00	19.40	18.80	18.20	17.60	17.30
48	19.00	20.50	20.20	19.50	18.90	18.30	17.70	17.40
49	19.10	20.60	20.30	19.60	19.00	18.40	17.80	17.50
50	19.20	20.80	20.40	19.80	19.20	18.60	17.90	17.60
51	19.30	21.00	20.60	19.90	19.30	18.70	18.00	17.70
52	19.40	21.10	20.80	20.10	19.40	18.80	18.20	17.90
53	19.50	21.30	21.00	20.30	19.60	19.00	18.30	18.00
54	19.60	21.50	21.20	20.40	19.80	19.10	18.40	18.10
55	19.80	21.70	21.40	20.60	19.90	19.20	18.60	18.20
56	20.00	21.90	21.60	20.80	20.10	19.40	18.70	18.30
57	20.20	22.10	21.80	21.00	20.30	19.60	18.80	19.50
58	20.40	22.30	22.00	21.20	20.50	19.80	19.00	18.70
59	20.60	22.60	22.20	21.40	20.70	20.00	19.20	18.90
60	20.80			21.70	20.50	20.20	19.40	19.10
61	21.10				21.20	20.40	19.60	19.30
62	21.40					20.50	19.80	19.50
63	21.70						20.00	19.80
64	22.00							20.10

TABLE III

Age on birthday next following election	Figure to be used by reference to the under-mentioned pensionable age
	60	61	62	63	64	65
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	2.19	2.11
38	2.19	2.11	2.06
39	2.19	2.11	2.06	2.01
40	2.20	2.12	2.06	2.01	1.97
41	2.20	2.12	2.07	2.02	1.97	1.95
42	2.21	2.12	2.07	2.02	1.98	1.95
43	2.22	2.13	2.08	2.03	1.98	1.96
44	2.23	2.14	2.09	2.04	1.99	1.96
45	2.24	2.15	2.10	2.05	2.00	1.97
46	2.25	2.16	2.11	2.06	2.01	1.98
47	2.27	2.17	2.12	2.07	2.02	1.99
48	2.29	2.19	2.13	2.08	2.03	2.00
49	2.31	2.21	2.15	2.09	2.04	2.01
50	2.33	2.23	2.17	2.10	2.05	2.02
51	2.35	2.25	2.19	2.12	2.06	2.03
52	2.37	2.27	2.21	2.14	2.07	2.04
53	2.39	2.29	2.23	2.16	2.09	2.06
54	2.41	2.31	2.25	2.18	2.11	2.08
55	2.44	2.33	2.27	2.20	2.13	2.10
56	2.47	2.35	2.29	2.22	2.15	2.12
57	2.50	2.38	2.31	2.24	2.17	2.14
58	2.53	2.41	2.34	2.26	2.19	2.16
59	2.56	2.44	2.37	2.29	2.21	2.18
60		2.48	2.40	2.32	2.24	2.21
61			2.43	2.35	2.27	2.24
62				2.38	2.30	2.27
63					2.33	2.30
64						2.34