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The Passenger Transport (Compensation to Officers) Regulations 1970

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Regulation 2(2)

SCHEDULE

TABLE I

Table showing the capital value of an annual amount of £1 payable for life

AgeCapital value of £1 per annum payable for life
FemaleMale
£ s. d.£ s. d.
Under 3515 11 015 3 0
35 and under 4015 2 014 12 0
40 and under 4514 11 013 19 0
45 and under 5013 18 013 2 0
5013 9 012 11 0
5113 5 012 7 0
5213 2 012 3 0
5312 18 011 18 0
5412 14 011 14 0
5512 10 011 9 0
5612 6 011 5 0
5712 2 011 0 0
5811 18 010 15 0
5911 13 010 10 0
6011 8 010 5 0
6111 4 010 0 0
6210 19 09 14 0
6310 14 09 9 0
6410 8 09 3 0
6510 3 08 18 0
669 18 08 12 0
679 12 08 7 0
689 7 08 1 0
699 1 07 16 0
708 15 07 10 0

NOTE:—This table is for use in connection with regulation 36(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 20, 21, 22 or 23. Where the compensation is payable before age 60 (females), 65 (males) but will be reduced on the attainment of 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 age 60 or 65 as the case may be 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)

AgeCapital Value
FemaleMale
£ s. d.£ s. d.
Under 3513 8 014 2 0
35 and under 4012 5 013 3 0
40 and under 4510 14 011 19 0
45 and under 508 13 010 8 0
507 3 09 6 0
516 12 08 18 0
526 0 08 9 0
535 7 07 19 0
544 13 07 10 0
553 18 06 19 0
563 3 06 8 0
572 6 05 17 0
581 9 05 4 0
5910 04 11 0
603 17 0
613 2 0
622 6 0
631 8 0
6410 0

NOTE:—This table is for use in connection with regulation 36(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 (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 capital value of an annual amount of £1 payable to a widow until death or remarriage

Age of widow at date of widowhoodCapital value of £1 per annum as at date of widowhood
£ s. d.
206 0 0
216 0 0
226 0 0
236 0 0
246 0 0
256 5 0
266 12 0
276 19 0
287 6 0
297 13 0
308 0 0
318 8 0
328 15 0
339 2 0
349 8 0
359 15 0
3610 1 0
3710 6 0
3810 11 0
3910 16 0
4011 1 0
4111 5 0
4211 9 0
4311 12 0
4411 15 0
4511 18 0
4612 1 0
4712 3 0
4812 5 0
4912 6 0
5012 6 0
5112 6 0
5212 5 0
5312 4 0
5412 3 0
5512 1 0
5611 19 0
5711 16 0
5811 13 0
5911 10 0
6011 6 0
6111 3 0
6210 19 0
6310 14 0
6410 8 0
6510 3 0
669 18 0
679 12 0
689 7 0
699 1 0
708 15 0

NOTE:—This table is for use in connection with regulation 36(1) for compounding annual compensation payable to a widow under regulation 26. It should also be used, where a reduction of compensation under regulation 26(6) falls to be apportioned between the compensation payable under that regulation and under regulation 27, for ascertaining the capital value of annual compensation to a widow.

TABLE IV

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

AgeAnnual sum, payable for life, equal in value to a lump sum of £100
FemaleMale
£ s. d.£ s. d.
Under 356 8 76 12 0
35 and under 406 12 56 17 0
40 and under 456 17 57 3 4
45 and under 507 3 117 12 8
507 8 87 19 4
517 10 118 1 11
527 12 88 4 7
537 15 08 8 1
547 17 68 10 11
558 0 08 14 8
568 2 78 17 9
578 5 39 1 10
588 8 19 6 0
598 11 89 10 6
608 15 59 15 1
618 18 710 0 0
629 2 810 6 2
639 6 1110 11 8
649 12 410 18 7
659 17 011 4 9
6610 2 011 12 7
6710 8 411 19 6
6810 13 1112 8 5
6911 1 012 16 5
7011 8 713 6 8

NOTE:—This table is for use in connection with regulation 24(1) for ascertaining the annual amount by which retirement compensation under regulation 20, 21 or 22 is to be reduced where a claimant has not paid to the compensating authority an amount equal to any sum paid to him by way of superannuation contributions or that amount has been repaid to him by the compensating authority at his request. It should also be used in connection with regulation 36(2) for calculating for the purposes of that paragraph the annual value of retirement compensation awarded as a lump sum.

TABLE V

Table showing the annual amount payable to a widow until death or remarriage equivalent in value to a lump sum of £100

Age of widow at date of widowhoodAnnual amount equal in value to a lump sum of £100
£ s. d.
2016 13 4
2116 13 4
2216 13 4
2316 13 4
2416 13 4
2516 0 0
2615 3 0
2714 7 9
2813 14 0
2913 1 5
3012 10 0
3111 18 1
3211 8 7
3310 19 9
3410 12 9
3510 5 2
369 19 0
379 14 2
389 9 7
399 5 2
409 1 0
418 17 9
428 14 8
438 12 5
448 10 3
458 8 1
468 6 0
478 4 7
488 3 3
498 2 7
508 2 7
518 2 7
528 3 3
538 3 11
548 4 7
558 6 0
568 7 4
578 9 6
588 11 8
598 13 11
608 17 0
618 19 5
629 2 8
639 6 11
649 12 4
659 17 0
6610 2 0
6710 8 4
6810 13 11
6911 1 0
7011 8 7

NOTE:—This table is for use in connection with regulation 26(6) for ascertaining the annual amount by which compensation to a widow is to be reduced in the circumstances described in that paragraph. If a reduction is required to be apportioned between compensation payable under regulations 26 and 27, the capital value of annual compensation to a widow should be ascertained by reference to Table III.

TABLE VI

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.
098 8 098 4 0
195 4 094 16 0
292 2 091 10 0
389 4 088 6 0
486 8 085 8 0
583 16 082 14 0
681 6 080 2 0
778 18 077 14 0
876 14 075 8 0
974 12 073 4 0
1072 12 071 4 0
1170 12 069 6 0
1268 16 067 10 0
1367 0 065 14 0
1465 6 064 2 0
1563 14 062 10 0
1662 2 061 0 0
1760 12 059 12 0
1859 4 058 4 0
1957 16 056 18 0
2056 10 055 12 0
2155 4 054 8 0
2254 0 053 4 0
2352 16 052 0 0
2451 12 050 18 0
2550 10 049 18 0
2649 8 048 18 0
2748 8 047 18 0
2847 8 046 18 0
2946 8 045 18 0
3045 10 045 0 0

NOTE:—This table is for use in connection with regulation 36(1) and (2) for compounding awards of long-term compensation under Part IV of these regulations. 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 these regulations). 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”.

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