- Latest available (Revised)
- Original (As made)
The Transport Holding Company (Compensation to Employees) Regulations 1972
You are here:
What Version
More Resources
Status:
This is the original version (as it was originally made). This item of legislation is currently only available in its original format. The electronic version of this UK Statutory Instrument has been contributed by Westlaw and is taken from the printed publication. Read more
Regulation 2(2)
SCHEDULE
TABLE I
Factors by which an annual amount payable for life shall be multiplied to obtain the capital value of that amount.
| FACTOR | ||
|---|---|---|
| AGE | ||
| FEMALE | MALE | |
| Under 35 | 15·55 | 15·15 |
| 35 and under 40 | 15·10 | 14·60 |
| 40 and under 45 | 14·55 | 13·95 |
| 45 and under 50 | 13·90 | 13·10 |
| 50 | 13·45 | 12·55 |
| 51 | 13·25 | 12·35 |
| 52 | 13·10 | 12·15 |
| 53 | 12·90 | 11·90 |
| 54 | 12·70 | 11·70 |
| 55 | 12·50 | 11·45 |
| 56 | 12·30 | 11·25 |
| 57 | 12·10 | 11·00 |
| 58 | 11·90 | 10·75 |
| 59 | 11·65 | 10·50 |
| 60 | 11·40 | 10·25 |
| 61 | 11·20 | 10·00 |
| 62 | 10·95 | 9·70 |
| 63 | 10·70 | 9·45 |
| 64 | 10·40 | 9·15 |
| 65 | 10·15 | 8·90 |
| 66 | 9·90 | 8·60 |
| 67 | 9·60 | 8·35 |
| 68 | 9·35 | 8·05 |
| 69 | 9·05 | 7·80 |
| 70 | 8·75 | 7·50 |
NOTE:—This table is for use in connection with regulation 35(1) and (2) for the compounding of annual retirement compensation which a person is currently entitled to receive under regulation 21, 22, 23 or 24. 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
Factors by which an annual amount ceasing at 65 (males) or 60 (females) shall be multiplied to obtain the capital value of that amount.
| FACTOR | ||
|---|---|---|
| AGE | ||
| FEMALE | MALE | |
| Under 35 | 13·40 | 14·10 |
| 35 and under 40 | 12·25 | 13·15 |
| 40 and under 45 | 10·70 | 11·95 |
| 45 and under 50 | 8·65 | 10·40 |
| 50 | 7·15 | 9·30 |
| 51 | 6·60 | 8·90 |
| 52 | 6·00 | 8·45 |
| 53 | 5·35 | 7·95 |
| 54 | 4·65 | 7·50 |
| 55 | 3·90 | 6·95 |
| 56 | 3·15 | 6·40 |
| 57 | 2·30 | 5·85 |
| 58 | 1·45 | 5·20 |
| 59 | ·50 | 4·55 |
| 60 | — | 3·85 |
| 61 | — | 3·10 |
| 62 | — | 2·30 |
| 63 | — | 1·40 |
| 64 | — | ·50 |
NOTE:—This table is for use in connection with regulation 35(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 not on that table.
TABLE III
Factors by which an annual amount payable to a widow until death or re-marriage shall be multiplied to obtain the capital value of that amount.
| AGE OF WIDOW AT DATE OF WIDOWHOOD | FACTOR |
|---|---|
| 20 | 6·00 |
| 21 | 6·00 |
| 22 | 6·00 |
| 23 | 6·00 |
| 24 | 6·00 |
| 25 | 6·25 |
| 26 | 6·60 |
| 27 | 6·95 |
| 28 | 7·30 |
| 29 | 7·65 |
| 30 | 8·00 |
| 31 | 8·40 |
| 32 | 8·75 |
| 33 | 9·10 |
| 34 | 9·40 |
| 35 | 9·75 |
| 36 | 10·05 |
| 37 | 10·30 |
| 38 | 10·55 |
| 39 | 10·80 |
| 40 | 11·05 |
| 41 | 11·25 |
| 42 | 11·45 |
| 43 | 11·60 |
| 44 | 11·75 |
| 45 | 11·90 |
| 46 | 12·05 |
| 47 | 12·15 |
| 48 | 12·25 |
| 49 | 12·30 |
| 50 | 12·30 |
| 51 | 12·30 |
| 52 | 12·25 |
| 53 | 12·20 |
| 54 | 12·15 |
| 55 | 12·05 |
| 56 | 11·95 |
| 57 | 11·80 |
| 58 | 11·65 |
| 59 | 11·50 |
| 60 | 11·30 |
| 61 | 11·15 |
| 62 | 10·95 |
| 63 | 10·70 |
| 64 | 10·40 |
| 65 | 10·15 |
| 66 | 9·90 |
| 67 | 9·60 |
| 68 | 9·35 |
| 69 | 9·05 |
| 70 | 8·75 |
NOTE:—This table is for use in connection with regulation 35(1) for compounding annual compensation to a widow under regulation 27. It should also be used, where a reduction of compensation under regulation 27(4) falls to be apportioned between the compensation payable under that regulation and under regulation 28, for ascertaining the capital value of annual compensation to a widow.
TABLE IV
Factors by which a lump sum shall be multiplied to obtain an annual amount payable for life equivalent in value.
| FACTOR | ||
|---|---|---|
| AGE | ||
| FEMALE | MALE | |
| Under 35 | ·0642917 | ·0660000 |
| 35 and under 40 | ·0662083 | ·0685000 |
| 40 and under 45 | ·0687083 | ·0716667 |
| 45 and under 50 | ·0719583 | ·0763333 |
| 50 | ·0743333 | ·0796667 |
| 51 | ·0754583 | ·0809583 |
| 52 | ·0763333 | ·0822917 |
| 53 | ·0775000 | ·0840417 |
| 54 | ·0787500 | ·0854583 |
| 55 | ·0800000 | ·0873333 |
| 56 | ·0812917 | ·0888750 |
| 57 | ·0826250 | ·0909167 |
| 58 | ·0840417 | ·0930000 |
| 59 | ·0858333 | ·0952500 |
| 60 | ·0877083 | ·0975417 |
| 61 | ·0892917 | ·1000000 |
| 62 | ·0913333 | ·1030833 |
| 63 | ·0934583 | ·1058333 |
| 64 | ·0961667 | ·1092917 |
| 65 | ·0985000 | ·1123750 |
| 66 | ·1010000 | ·1162917 |
| 67 | ·1041667 | ·1197500 |
| 68 | ·1069583 | ·1242083 |
| 69 | ·1105000 | ·1282083 |
| 70 | ·1142917 | ·1333333 |
NOTE:—This table is for use in connection with regulation 25(1) for ascertaining the annual amount by which retirement compensation under regulation 21, 22 or 23 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 pension 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 35(2) for calculating for the purposes of that paragraph the annual value of retirement compensation awarded as a lump sum.
TABLE V
Factors by which a lump sum shall be multiplied to obtain an annual amount payable to a widow until death or re-marriage equivalent in value to that lump sum.
| AGE OF WIDOW AT DATE OF WIDOWHOOD | FACTOR |
|---|---|
| 20 | ·1666667 |
| 21 | ·1666667 |
| 22 | ·1666667 |
| 23 | ·1666667 |
| 24 | ·1666667 |
| 25 | ·1600000 |
| 26 | ·1515000 |
| 27 | ·1438750 |
| 28 | ·1370000 |
| 29 | ·1307083 |
| 30 | ·1250000 |
| 31 | ·1190417 |
| 32 | ·1142917 |
| 33 | ·1098750 |
| 34 | ·1063750 |
| 35 | ·1025833 |
| 36 | ·0995000 |
| 37 | ·0970833 |
| 38 | ·0947917 |
| 39 | ·0925833 |
| 40 | ·0905000 |
| 41 | ·0888750 |
| 42 | ·0873333 |
| 43 | ·0862083 |
| 44 | ·0851250 |
| 45 | ·0840417 |
| 46 | ·0830000 |
| 47 | ·0822917 |
| 48 | ·0816250 |
| 49 | ·0812917 |
| 50 | ·0812917 |
| 51 | ·0812917 |
| 52 | ·0816250 |
| 53 | ·0819583 |
| 54 | ·0822917 |
| 55 | ·0830000 |
| 56 | ·0836667 |
| 57 | ·0847500 |
| 58 | ·0858333 |
| 59 | ·0869583 |
| 60 | ·0885000 |
| 61 | ·0897083 |
| 62 | ·0913333 |
| 63 | ·0934583 |
| 64 | ·0961667 |
| 65 | ·0985000 |
| 66 | ·1010000 |
| 67 | ·1041667 |
| 68 | ·1069583 |
| 69 | ·1105000 |
| 70 | ·1142917 |
NOTE:—This table is for use in connection with regulation 27(4) 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 27 and 28, 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 factor by which the total amount of long-term compensation to be compounded shall be multiplied in order to obtain the capital value of that amount.
| OUTSTANDING NUMBER OF COMPLETE YEARS OF LONG-TERM COMPENSATION | ||
|---|---|---|
| FACTOR | ||
| FEMALE | MALE | |
| 0 | ·984 | ·982 |
| 1 | ·952 | ·948 |
| 2 | ·921 | ·915 |
| 3 | ·892 | ·883 |
| 4 | ·864 | ·854 |
| 5 | ·838 | ·827 |
| 6 | ·813 | ·801 |
| 7 | ·789 | ·777 |
| 8 | ·767 | ·754 |
| 9 | ·746 | ·732 |
| 10 | ·726 | ·712 |
| 11 | ·706 | ·693 |
| 12 | ·688 | ·675 |
| 13 | ·670 | ·657 |
| 14 | ·653 | ·641 |
| 15 | ·637 | ·625 |
| 16 | ·621 | ·610 |
| 17 | ·606 | ·596 |
| 18 | ·592 | ·582 |
| 19 | ·578 | ·569 |
| 20 | ·565 | ·556 |
| 21 | ·552 | ·544 |
| 22 | ·540 | ·532 |
| 23 | ·528 | ·520 |
| 24 | ·516 | ·509 |
| 25 | ·505 | ·499 |
| 26 | ·494 | ·489 |
| 27 | ·484 | ·479 |
| 28 | ·474 | ·469 |
| 29 | ·464 | ·459 |
| 30 | ·455 | ·450 |
NOTE:—This table is for use in connection with regulation 35(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). The capital value of that annual long-term compensation will be the total calculated multiplied by the appropriate factor.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThis Schedule only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Opening Options
Different options to open legislation in order to view more content on screen at once
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.