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Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1)

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Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1)1
Parliamentary Contributory Superannuation Act 1948
The Parliamentary Retiring Allowances Trust makes this Determination under subsection 22A(1) of the Parliamentary Contributory Superannuation Act 1948.
 
Signed for and on behalf of the Parliamentary Retiring Allowances Trust
 
 
Dated 12 August 2015
 
 
 
 
 
MICHAEL FRANCIS McCORMACK
Trustee of the Parliamentary Retiring Allowances Trust
 
 
 
 
 
PHILIP RUDDOCK
Trustee of the Parliamentary Retiring Allowances Trust
 
 
 
1              Name of Determination
                This Determination is the Parliamentary Superannuation Age Factors (Surcharge) Determination 2015 (No. 1).
2              Commencement and revocation
(a)    This Determination commences on the day after it is registered on the Federal Register of Legislative Instruments.
(b)   This Determination revokes the Superannuation Pension Conversion Factors Determination No. 1/2004 made by the Parliamentary Retiring Allowances Trust on 9 December 2004 under subsection 22A(1) of the Parliamentary Contributory Superannuation Act 1948.
3              Age factors
                For the purposes of section 22A of Parliamentary Contributory Superannuation Act 1948, the age factor for a person is determined under Tables A, B, C and D of the Schedule to this Determination, based on:
                (a)    whether the person is male or female;
                (b)    whether the benefit is a retirement pension or an invalidity pension; and
                (c)    the age of the person when the benefit becomes payable.
 
Schedule         Age factors
(section 3)
 
 
Table A:         Male Retirement Pension Age Factors
 
 
Table B:         Female Retirement Pension Age Factors
 
 
Table C:         Male Invalid Pension Age Factors
 
 
Table D:         Female Invalid Pension Age Factors
 
 
Table A:  Male Retirement Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.7

21
33.5

22
33.3

23
33.2

24
33.0

25
32.8

26
32.6

27
32.4

28
32.2

29
32.0

30
31.8

31
31.5

32
31.3

33
31.1

34
30.8

35
30.6

36
30.3

37
30.1

38
29.8

39
29.5

40
29.3

41
29.0

42
28.7

43
28.4

44
28.1

45
27.7

46
27.4

47
27.1

48
26.7

49
26.4

50
26.0

 
 
 
 
Age at last birthday prior to start of pension
Age Factor

51
25.6

52
25.2

53
24.9

54
24.5

55
24.0

56
23.6

57
23.2

58
22.8

59
22.3

60
21.8

61
21.4

62
20.9

63
20.4

64
19.9

65
19.4

66
18.8

67
18.3

68
17.8

69
17.2

70
16.6

71
16.0

72
15.5

73
14.9

74
14.3

75
13.6

76
13.0

77
12.4

78
11.8

79
11.1

80
10.5

 
 

 
 
 
 

Table B:  Female Retirement Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.6

21
33.4

22
33.2

23
33.0

24
32.8

25
32.6

26
32.4

27
32.2

28
32.0

29
31.7

30
31.5

31
31.3

32
31.0

33
30.8

34
30.5

35
30.3

36
30.0

37
29.7

38
29.4

39
29.1

40
28.8

41
28.5

42
28.2

43
27.9

44
27.6

45
27.2

46
26.9

47
26.5

48
26.2

49
25.8

50
25.4

 
 
Age at last birthday prior to start of pension
Age Factor

51
25.0

52
24.6

53
24.2

54
23.8

55
23.4

56
23.0

57
22.5

58
22.1

59
21.6

60
21.1

61
20.7

62
20.2

63
19.7

64
19.2

65
18.6

66
18.1

67
17.6

68
17.0

69
16.5

70
15.9

71
15.3

72
14.8

73
14.2

74
13.6

75
13.0

76
12.4

77
11.9

78
11.3

79
10.7

80
10.1

 
 

 

Table C:  Male Invalid Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
33.4

21
33.2

22
33.0

23
32.9

24
32.7

25
32.5

26
32.3

27
32.1

28
31.9

29
31.7

30
31.4

31
31.2

32
31.0

33
30.7

34
30.5

35
30.2

36
30.0

37
29.7

38
29.4

39
29.1

40
28.8

41
28.5

42
28.2

43
27.9

44
27.6

45
27.3

46
26.9

47
26.6

48
26.2

49
25.8

50
25.5

 
Age at last birthday prior to start of pension
Age Factor

51
25.1

52
24.7

53
24.3

54
23.9

55
23.4

56
23.0

57
22.6

58
22.1

59
21.6

60
21.2

61
20.7

62
20.2

63
19.7

64
19.2

65
18.7

66
18.1

67
17.6

68
17.0

69
16.5

70
15.9

71
15.4

72
14.8

73
14.2

74
13.6

75
13.0

76
12.4

77
11.8

78
11.2

79
10.6

80
10.0

 
 

 
 
Table D:  Female Invalid Pension Age Factors
 

Age at last birthday prior to start of pension
Age Factor

20
32.8

21
32.6

22
32.4

23
32.2

24
32.0

25
31.8

26
31.5

27
31.3

28
31.0

29
30.8

30
30.5

31
30.3

32
30.0

33
29.7

34
29.4

35
29.1

36
28.8

37
28.5

38
28.2

39
27.9

40
27.6

41
27.2

42
26.9

43
26.5

44
26.1

45
25.8

46
25.4

47
25.0

48
24.6

49
24.2

50
23.7

 
Age at last birthday prior to start of pension
Age Factor

51
23.3

52
22.9

53
22.4

54
22.0

55
21.5

56
21.0

57
20.5

58
20.1

59
19.6

60
19.1

61
18.6

62
18.1

63
17.5

64
17.0

65
16.5

66
15.9

67
15.4

68
14.9

69
14.3

70
13.8

71
13.2

72
12.7

73
12.1

74
11.6

75
11.1

76
10.5

77
10.0

78
9.5

79
9.0

80
8.5

 
 

 
 
Note
1.       All legislative instruments and compilations are registered on the Federal Register of Legislative Instruments kept under the Legislative Instruments Act 2003. See http://www.frli.gov.au