Paragraph 3
In the case of a person specified in sub-paragraph (2)—
where he elects to make payment by a lump sum, the amount of such lump sum, and
where he elects to make payment by periodical contributions, the rate of such contributions,
shall be such as the Government Actuary may determine to be the actuarial equivalent of the benefit to him of his election.
The persons referred to in sub-paragraph (1) are—
a person in respect of whom the time at which he could be required to retire on account of age has, before the time of his election under regulation 3, been postponed under regulation A 18(2) of the principal Regulations, and
a person (not being a person specified in paragraph (a)) whose retirement date as at the time of his election falls on his attaining the age of 65 years.
TABLE
| Regular policeman whose retirement date, as at the time of his election, falls on his attaining the age of 55 years | Regular policeman whose retirement date, as at the time of his election, falls on his attaining the age of 57 years | Regular policeman whose retirement date, as at the time of his election, falls on his attaining the age of 60 years | ||||
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| Age on relevant birthday | Percentage for calculating lump sum payment | Percentage for calculating periodical contributions | Percentage for calculating lump sum payment | Percentage for calculating periodical contributions | Percentage for calculating lump sum payment | Percentage for calculating periodical contributions |
| 26 | 33.90 | 1.24 | ||||
| 27 | 33.90 | 1.29 | ||||
| 28 | 33.80 | 1.35 | 31.40 | 1.19 | ||
| 29 | 33.80 | 1.41 | 31.30 | 1.22 | ||
| 30 | 33.70 | 1.48 | 31.20 | 1.26 | ||
| 31 | 33.70 | 1.56 | 31.00 | 1.30 | 27.30 | 0.96 |
| 32 | 33.60 | 1.64 | 30.80 | 1.35 | 26.70 | 1.00 |
| 33 | 33.60 | 1.73 | 30.70 | 1.40 | 26.30 | 1.04 |
| 34 | 33.50 | 1.82 | 30.50 | 1.46 | 26.10 | 1.08 |
| 35 | 33.40 | 1.92 | 30.40 | 1.53 | 26.00 | 1.12 |
| 36 | 33.20 | 2.03 | 30.30 | 1.60 | 26.00 | 1.16 |
| 37 | 32.90 | 2.15 | 30.10 | 1.68 | 26.00 | 1.21 |
| 38 | 32.50 | 2.28 | 29.90 | 1.77 | 25.90 | 1.27 |
| 39 | 32.10 | 2.42 | 29.60 | 1.87 | 25.90 | 1.33 |
| 40 | 31.60 | 2.57 | 29.30 | 1.98 | 25.90 | 1.40 |
| 41 | 31.00 | 2.74 | 29.00 | 2.10 | 25.90 | 1.48 |
| 42 | 30.20 | 2.94 | 28.50 | 2.23 | 25.90 | 1.57 |
| 43 | 29.20 | 3.18 | 27.90 | 2.37 | 25.90 | 1.67 |
| 44 | 28.20 | 3.48 | 27.30 | 2.53 | 25.90 | 1.77 |
| 45 | 27.30 | 3.85 | 26.70 | 2.72 | 25.90 | 1.88 |
| 46 | 26.70 | 4.30 | 26.40 | 2.94 | 25.90 | 2.00 |
| 47 | 26.30 | 4.84 | 26.10 | 3.21 | 25.90 | 2.14 |
| 48 | 26.30 | 5.49 | 26.10 | 3.54 | 25.80 | 2.31 |
| 49 | 26.60 | 6.28 | 26.30 | 3.94 | 25.80 | 2.52 |
| 50 | 27.00 | 7.34 | 26.50 | 4.46 | 25.80 | 2.78 |
| 51 | 27.50 | 8.91 | 26.80 | 5.14 | 25.80 | 3.10 |
| 52 | 28.10 | 11.45 | 27.20 | 6.10 | 25.80 | 3.50 |
| 53 | 28.70 | 16.44 | 27.50 | 7.52 | 25.80 | 4.02 |
| 54 | 29.20 | 27.80 | 9.90 | 25.70 | 4.70 | |
| 55 | 29.60 | 28.00 | 14.67 | 25.70 | 5.60 | |
| 56 | 28.30 | 25.70 | 6.86 | |||
| 57 | 28.60 | 25.80 | 9.05 | |||
| 58 | 25.80 | 13.43 | ||||
| 59 | 25.90 | |||||
| 60 | 26.00 | |||||