OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)

SCHEDULE 2 - CALCULATION OF OLD RBM  

(regulation 4A )

CLAUSE 7  

7   CALCULATION METHOD 2 - NON-DEFINED BENEFITS  
The calculation is to be made in relation to a person using the formula:

(Q × Asset Factor) + (P × Contribution Factor × 100)

where:

Q
has the same meaning as in clause 6; and

Asset Factor
means the relevant factor ascertained using the table to this clause; and

P
has the same meaning as in clause 6; and

Contribution factor
means the relevant factor ascertained using the table to this clause.

Table - Factors for calculating higher multiple

Table - Factors for calculating higher multiple

Years to retirement	Asset factor	Contribution Factor
50	2.703	0.893
49	2.654	0.866
48	2.606	0.839
47	2.558	0.813
46	2.512	0.788
45	2.466	0.762
44	2.421	0.738
43	2.377	0.714
42	2.334	0.690
41	2.292	0.666
40	2.250	0.643
39	2.209	0.621
38	2.169	0.599
37	2.129	0.577
36	2.091	0.556
35	2.053	0.535
34	2.015	0.514
33	1.979	0.494
32	1.943	0.475
31	1.907	0.455
30	1.873	0.436
29	1.839	0.417
28	1.805	0.399
27	1.772	0.381
26	1.740	0.363
25	1.709	0.346
24	1.678	0.329
23	1.647	0.312
22	1.617	0.295
21	1.588	0.279
20	1.559	0.263
19	1.531	0.248
18	1.503	0.232
17	1.475	0.217
16	1.449	0.203
15	1.422	0.188
14	1.396	0.174
13	1.371	0.160
12	1.346	0.146
11	1.322	0.133
10	1.298	0.120
9	1.274	0.107
8	1.251	0.094
7	1.228	0.081
6	1.206	0.069
5	1.184	0.057
4	1.162	0.045
3	1.141	0.034
2	1.120	0.022
1	1.100	0.011

Note 1:

The years to retirement of a person is the number of years from 30 June 1990 until the day on which the person will reach the retirement age of the fund.

Note 2:

Where the number of years to retirement of the person includes a part of a year, the factor to be obtained using the table is the factor applicable to the next higher year.