Purchase of past added years
12.—(1) Part I of Schedule 2A to the principal Regulations is amended—
(a)in paragraph 2(1), by deleting the words “not less than 5 in number”;
(b)in paragraph 3(2), by inserting after the words “Table 1” the words “or, as the case may be, Table 1A”; and
(c)by inserting after Table 1 the following:
“TABLE 1A
Period of contribution in years | 1 | 2 | 3 | 4 |
---|---|---|---|---|
Teacher’s age | Percentage contribution in respect of each year purchased | |||
20 | 32.96 | 15.97 | 10.35 | 7.59 |
21 | 31.79 | 15.32 | 9.88 | 7.20 |
22 | 30.66 | 14.71 | 9.45 | 6.84 |
23 | 29.59 | 14.15 | 9.05 | 6.52 |
24 | 28.57 | 13.62 | 8.69 | 6.24 |
25 | 27.61 | 13.14 | 8.36 | 5.99 |
26 | 26.63 | 12.71 | 8.10 | 5.81 |
27 | 25.74 | 12.31 | 7.86 | 5.64 |
28 | 24.93 | 11.95 | 7.64 | 5.50 |
29 | 24.20 | 11.63 | 7.45 | 5.37 |
30 | 23.55 | 11.34 | 7.28 | 5.26 |
31 | 23.04 | 11.12 | 7.15 | 5.17 |
32 | 22.59 | 10.91 | 7.03 | 5.10 |
33 | 22.18 | 10.73 | 6.93 | 5.03 |
34 | 21.83 | 10.58 | 6.85 | 4.98 |
35 | 21.52 | 10.45 | 6.78 | 4.94 |
36 | 21.31 | 10.37 | 6.73 | 4.92 |
37 | 21.14 | 10.30 | 6.70 | 4.90 |
38 | 20.99 | 10.25 | 6.67 | 4.89 |
39 | 20.87 | 10.21 | 6.66 | 4.89 |
40 | 20.78 | 10.18 | 6.65 | 4.89 |
41 | 20.75 | 10.18 | 6.65 | 4.90 |
42 | 20.74 | 10.18 | 6.67 | 4.91 |
43 | 20.74 | 10.20 | 6.68 | 4.93 |
44 | 20.76 | 10.22 | 6.70 | 4.95 |
45 | 20.81 | 10.25 | 6.73 | 4.97 |
46 | 20.87 | 10.29 | 6.76 | 5.00 |
47 | 20.94 | 10.33 | 6.80 | 5.03 |
48 | 21.04 | 10.39 | 6.84 | 5.06 |
49 | 21.16 | 10.45 | 6.89 | 5.10 |
50 | 21.29 | 10.52 | 6.94 | 5.15 |
51 | 21.44 | 10.61 | 7.00 | 5.20 |
52 | 21.61 | 10.70 | 7.07 | 5.25 |
53 | 21.80 | 10.80 | 7.15 | 5.32 |
54 | 22.01 | 10.92 | 7.23 | 5.39 |
55 | 22.23 | 11.04 | 7.32 | 5.46 |
56 | 22.59 | 11.24 | 7.47 | 5.58 |
57 | 23.00 | 11.48 | 7.64 | 5.73 |
58 | 23.47 | 11.74 | 7.84 | 5.89 |
59 | 23.99 | 12.04 | 8.07 | 6.08 |
60 | 24.57 | 12.38 | 8.31 | 6.28 |
61 | 24.05 | 12.12 | 8.14 | 6.15 |
62 | 23.53 | 11.85 | 7.96 | 6.02 |
63 | 23.01 | 11.59 | 7.79 | 5.88 |
64 | 20.28 | 10.14 | 6.76 | 5.07 |
65 | 21.97 | 11.07 | 7.43 | 5.62 |
66 | 21.44 | 10.78 | 7.23 | 5.45 |
67 | 20.91 | 10.49 | 7.02 | 5.28 |
68 | 20.39 | 10.20 | 6.81 | 5.11 |
69 | 19.86 | 9.91 | 6.60 | 4.94”. |
(2) Part III of Schedule 2A to the principal Regulations is amended—
(a)in paragraph 2(1)(a)(ii), by substituting for the words “less than 5 nor” the words “less than one year nor”;
(b)in paragraph 2(1)(b), by inserting after the words “a period of” the words “not less than one year nor more than”;
(c)in paragraph 3, by deleting the words “or 5”;
(d)in paragraph 4(1), by deleting the words from “In the case” to “election”;
(e)in paragraph 4(2), by deleting the words “In such case” and by substituting for the words “the following Table 4” the words “the appropriate Table”;
(f)by inserting after paragraph 4(2) the following:
“(2A) The appropriate Table—
(a)in the case of a teacher who has not attained the age of 55 on 1st October next following his giving notice of his election, is Table 4 or, as the case may be, Table 4A below, and
(b)in any other case, is Table 5 below.”;
(g)by deleting paragraph 5; and
(h)by inserting after Table 4 the following:
“TABLE 4A
Range within which relevant rate of interest falls % | ||||
---|---|---|---|---|
Contribution period in years | ||||
1 | 2 | 3 | 4 | |
5.00—5.49 | 0.0859 | 0.0441 | 0.0302 | 0.0233 |
5.50—5.99 | 0.0861 | 0.0444 | 0.0305 | 0.0235 |
6.00—6.49 | 0.0863 | 0.0446 | 0.0307 | 0.0238 |
6.50—6.99 | 0.0865 | 0.0448 | 0.0309 | 0.0240 |
7.00—7.49 | 0.0868 | 0.0450 | 0.0311 | 0.0242 |
7.50—7.99 | 0.0870 | 0.0452 | 0.0314 | 0.0244 |
8.00—8.49 | 0.0872 | 0.0455 | 0.0316 | 0.0247 |
8.50—8.99 | 0.0874 | 0.0457 | 0.0318 | 0.0249 |
9.00—9.49 | 0.0877 | 0.0459 | 0.0320 | 0.0251 |
9.50—9.99 | 0.0879 | 0.0461 | 0.0323 | 0.0254 |
10.00—10.49 | 0.0881 | 0.0463 | 0.0325 | 0.0256 |
10.50—10.99 | 0.0883 | 0.0466 | 0.0327 | 0.0258 |
11.00—11.49 | 0.0886 | 0.0468 | 0.0329 | 0.0260 |
11.50—11.99 | 0.0888 | 0.0470 | 0.0332 | 0.0263 |
12.00—12.49 | 0.0890 | 0.0472 | 0.0334 | 0.0265 |
12.50—12.99 | 0.0892 | 0.0475 | 0.0336 | 0.0268 |
13.00—13.49 | 0.0894 | 0.0477 | 0.0338 | 0.0270 |
13.50—13.99 | 0.0897 | 0.0479 | 0.0341 | 0.0272 |
14.00—14.49 | 0.0899 | 0.0481 | 0.0343 | 0.0275 |
14.50—14.99 | 0.0901 | 0.0484 | 0.0345 | 0.0277 |
15.00—15.49 | 0.0903 | 0.0486 | 0.0348 | 0.0279 |
15.50—15.99 | 0.0906 | 0.0488 | 0.0350 | 0.0282 |
16.00—16.49 | 0.0908 | 0.0490 | 0.0352 | 0.0284 |
16.50—16.99 | 0.0910 | 0.0493 | 0.0355 | 0.0287 |
17.00—17.49 | 0.0912 | 0.0495 | 0.0357 | 0.0289 |
17.50—17.99 | 0.0914 | 0.0497 | 0.0359 | 0.0292 |
18.00—18.49 | 0.0917 | 0.0499 | 0.0362 | 0.0294 |
18.50—18.99 | 0.0919 | 0.0502 | 0.0364 | 0.0296 |
19.00—19.49 | 0.0921 | 0.0504 | 0.0366 | 0.0299 |
19.50—19.99 | 0.0923 | 0.0506 | 0.0369 | 0.0301 |
TABLE 5
Range within which relevant rate of interest falls % | |||||
---|---|---|---|---|---|
Contribution period in years | |||||
1 | 2 | 3 | 4 | 5 | |
5.00—5.49 | 0.0860 | 0.0443 | 0.0304 | 0.0235 | 0.0194 |
5.50—5.99 | 0.0863 | 0.0445 | 0.0306 | 0.0237 | 0.0196 |
6.00—6.49 | 0.0865 | 0.0448 | 0.0309 | 0.0239 | 0.0198 |
6.50—6.99 | 0.0867 | 0.0450 | 0.0311 | 0.0242 | 0.0200 |
7.00—7.49 | 0.0869 | 0.0452 | 0.0313 | 0.0244 | 0.0203 |
7.50—7.99 | 0.0872 | 0.0454 | 0.0315 | 0.0246 | 0.0205 |
8.00—8.49 | 0.0874 | 0.0456 | 0.0318 | 0.0249 | 0.0207 |
8.50—8.99 | 0.0876 | 0.0459 | 0.0320 | 0.0251 | 0.0210 |
9.00—9.49 | 0.0878 | 0.0461 | 0.0322 | 0.0253 | 0.0212 |
9.50—9.99 | 0.0881 | 0.0463 | 0.0324 | 0.0256 | 0.0214 |
10.00—10.49 | 0.0883 | 0.0465 | 0.0327 | 0.0258 | 0.0217 |
10.50—10.99 | 0.0885 | 0.0468 | 0.0329 | 0.0260 | 0.0219 |
11.00—11.49 | 0.0887 | 0.0470 | 0.0331 | 0.0263 | 0.0222 |
11.50—11.99 | 0.0890 | 0.0472 | 0.0334 | 0.0265 | 0.0224 |
12.00—12.49 | 0.0892 | 0.0474 | 0.0336 | 0.0267 | 0.0226 |
12.50—12.99 | 0.0894 | 0.0476 | 0.0338 | 0.0270 | 0.0229 |
13.00—13.49 | 0.0896 | 0.0479 | 0.0340 | 0.0272 | 0.0231 |
13.50—13.99 | 0.0898 | 0.0481 | 0.0343 | 0.0274 | 0.0234 |
14.00—14.49 | 0.0901 | 0.0483 | 0.0345 | 0.0277 | 0.0236 |
14.50—14.99 | 0.0903 | 0.0485 | 0.0347 | 0.0279 | 0.0239 |
15.00—15.49 | 0.0905 | 0.0488 | 0.0350 | 0.0282 | 0.0241 |
15.50—15.99 | 0.0907 | 0.0490 | 0.0352 | 0.0284 | 0.0244 |
16.00—16.49 | 0.0910 | 0.0492 | 0.0354 | 0.0287 | 0.0246 |
16.50—16.99 | 0.0912 | 0.0494 | 0.0357 | 0.0289 | 0.0249 |
17.00—17.49 | 0.0914 | 0.0497 | 0.0359 | 0.0291 | 0.0251 |
17.50—17.99 | 0.0916 | 0.0499 | 0.0361 | 0.0294 | 0.0255 |
18.00—18.49 | 0.0919 | 0.0501 | 0.0364 | 0.0296 | 0.0257 |
18.50—18.99 | 0.0921 | 0.0504 | 0.0366 | 0.0299 | 0.0260 |
19.00—19.49 | 0.0923 | 0.0506 | 0.0369 | 0.0301 | 0.0262 |
19.50—19.99 | 0.0925 | 0.0508 | 0.0371 | 0.0304 | 0.0265”. |