OCCUPATIONAL SUPERANNUATION STANDARDS REGULATIONS 1987 (REPEALED)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.

 

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.