SCHEDULE 5Payment to Avoid Reduction of Retiring Allowance

PART IIIADDITIONAL CONTRIBUTIONS

6

The amount to be paid by way of additional contributions by an employee who has under regulation C9 elected to make payment in that manner is—

A×B×C100math

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 for the time being; and

  • C is, in the case of a man, the figure in the Table appropriate to his age on his birthday next following the date of the election and to his specified birthday (within the meaning of paragraph 8); and in the case of a woman, a figure to be specified by the Government Actuary.

TABLE

Age on birthday next following election

Figure to be used by reference to the undermentioned specified birthday

60

61

62

63

64

65

25

0.07

26

0.07

27

0.07

28

0.07

29

0.08

30

0.08

31

0.08

32

0.08

33

0.09

34

0.09

35

0.09

36

0.10

37

0.10

0.10

38

0.11

0.10

0.10

39

0.12

0.11

0.10

0.09

40

0.12

0.11

0.11

0.10

0.09

41

0.13

0.12

0.11

0.10

0.10

0.09

42

0.14

0.13

0.12

0.11

0.10

0.10

43

0.14

0.13

0.12

0.12

0.11

0.10

44

0.15

0.14

0.13

0.12

0.11

0.11

45

0.16

0.15

0.14

0.13

0.12

0.11

46

0.17

0.16

0.15

0.14

0.13

0.12

47

0.19

0.17

0.16

0.15

0.14

0.13

48

0.21

0.19

0.17

0.16

0.15

0.14

49

0.23

0.21

0.18

0.17

0.16

0.15

50

0.25

0.23

0.20

0.18

0.17

0.16

51

0.28

0.25

0.22

0.20

0.18

0.17

52

0.32

0.28

0.25

0.22

0.20

0.18

53

0.37

0.32

0.28

0.24

0.22

0.20

54

0.43

0.36

0.31

0.27

0.24

0.22

55

0.52

0.42

0.36

0.31

0.27

0.24

56

0.65

0.51

0.42

0.35

0.30

0.27

57

0.87

0.63

0.50

0.41

0.34

0.30

58

1.30

0.84

0.62

0.49

0.40

0.35

59

2.62

1.26

0.83

0.61

0.48

0.41

60

2.53

1.24

0.82

0.60

0.48

61

2.48

1.22

0.80

0.60

62

2.40

1.20

0.80

63

2.37

1.21

64

2.39