SCHEDULE 1Allocation of Investment Assets between Sections
Part IV
Pay progression arising from seniority and promotional increases | Probability of dying in service | Probability of voluntary withdrawal with deferred benefits | Probability of retiring on ill-health grounds with immediate pension and lump sum | Probability of voluntary early retirement with immediate pension and lump sum at rate in Table 2 | ||||||
---|---|---|---|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) | (10) | |
Age | Males | Females | Males | Females | Males | Females | Males | Females | Males | Females |
20 | 105 | 105 | 0.0006 | 0.0003 | 0.0860 | 0.1050 | 0.0000 | 0.0000 | 0.0000 | 0.0000 |
25 | 133 | 133 | 0.0008 | 0.0003 | 0.0710 | 0.1470 | 0.0005 | 0.0001 | 0.0000 | 0.0000 |
30 | 149 | 149 | 0.0008 | 0.0003 | 0.0560 | 0.0990 | 0.0014 | 0.0009 | 0.0000 | 0.0000 |
35 | 164 | 164 | 0.0008 | 0.0005 | 0.0455 | 0.0750 | 0.0024 | 0.0020 | 0.0000 | 0.0000 |
40 | 174 | 174 | 0.0013 | 0.0008 | 0.0380 | 0.0600 | 0.0037 | 0.0041 | 0.0000 | 0.0000 |
45 | 184 | 184 | 0.0027 | 0.0013 | 0.0305 | 0.0450 | 0.0050 | 0.0073 | 0.0000 | 0.0000 |
50 | 190 | 190 | 0.0045 | 0.0021 | 0.0000 | 0.0000 | 0.0082 | 0.0126 | 0.0180 | 0.0400 |
55 | 194 | 194 | 0.0070 | 0.0035 | 0.0000 | 0.0000 | 0.0143 | 0.0214 | 0.0600 | 0.1100 |
60 | 194 | 194 | 0.0103 | 0.0058 | 0.0000 | 0.0000 | 0.0000 | 0.1500 | ||
61 | 194 | 194 | 0.0110 | 0.0000 | 0.0000 | 0.0000 | 0.1600 | |||
62 | 194 | 194 | 0.0118 | 0.0000 | 0.0000 | 0.0000 | 0.2000 | |||
63 | 194 | 194 | 0.0126 | 0.0000 | 0.0000 | 0.0000 | 0.2700 | |||
64 | 194 | 194 | 0.0135 | 0.0000 | 0.0000 | 0.0000 | 0.4000 Values for intermediate ages shall be taken to be intermediate. |
Factor to be applied to service completed in calculating immediate pension and lump sum for those retiring early otherwise than on grounds of ill-health.
(1) | (2) | |
---|---|---|
Age | Males | Females |
50 | 0.7500 | 0.7500 |
51 | 0.7800 | 0.7800 |
52 | 0.8100 | 0.8100 |
53 | 0.8400 | 0.8400 |
54 | 0.8700 | 0.8700 |
55 | 0.9000 | 0.9000 |
56 | 0.9200 | 0.9200 |
57 | 0.9400 | 0.9400 |
58 | 0.9600 | 0.9600 |
59 | 0.9800 | 0.9800 |
60 | 1.0000 | 1.0000 |
61 | 1.0000 | |
62 | 1.0000 | |
63 | 1.0000 | |
64 | 1.0000 |
Determination of probability of death at age shown of pensioners who retired or are assumed to retire on ill-health grounds
(1) | (2) | |
---|---|---|
Age | Number Survivors1000 | Number Survivors1000 |
Male | Female | |
20 | 958,269 | 922,368 |
25 | 908,546 | 833,748 |
30 | 861,404 | 753,642 |
35 | 815,057 | 681,232 |
40 | 766,847 | 615,780 |
45 | 711,175 | 556,616 |
50 | 640,872 | 503,137 |
55 | 551,406 | 454,796 |
60 | 449,212 | 407,962 |
65 | 341,909 | 361,300 |
70 | 238,248 | 317,041 |
75 | 148,433 | 259,530 |
80 | 79,785 | 184,861 |
85 | 35,365 | 104,876 |
90 | 11,172 | 41,818 |
95 | 1,763 | 10,072 |
100 | 70 | 1,270 |
105 | 0 | 68 |
110 | 0 | 0 |
per 1,000,000 lives at age 16. | ||
|
Age | Male Former Members | Female Former Members | ||
---|---|---|---|---|
Proportion married | Difference between former member’s age and spouse’s age | Proportion married | Difference between former member’s age and spouse’s age | |
20 | 0.050 | 0.0 | 0.600 | 3.0 |
25 | 0.500 | 1.0 | 0.600 | 3.0 |
30 | 0.750 | 1.5 | 0.600 | 3.0 |
35 | 0.850 | 2.0 | 0.600 | 3.0 |
40 | 0.875 | 2.5 | 0.600 | 3.0 |
45 | 0.875 | 3.0 | 0.600 | 3.0 |
50 | 0.875 | 3.0 | 0.600 | 3.0 |
55 | 0.875 | 3.0 | 0.600 | 3.0 |
60 | 0.875 | 3.0 | 0.600 | 3.0 |
65 | 0.875 | 3.0 | 0.600 | 3.0 |
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