Government Annuities Regulations

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Government Annuities Regulations

C.R.C., c. 879GOVERNMENT ANNUITIES ACT
Regulations Respecting Government AnnuitiesShort Title

1 These Regulations may be cited as the Government Annuities Regulations.

Interpretation

2 In these Regulations and in any document or table of rates authorized or approved thereunder,

Act
Act means the Government Annuities Act; (Loi)
Annuity Table for 1983

Annuity Table for 1983 means

(a) in the case of an individual annuity contract, 1983 Table a published in Transactions of the Society of Actuaries, Vol. XXXIII (1981), at page 708, and
(b) in the case of a group annuity contract, 1983 Group Annuity Mortality Tables for Males and Females published in Transactions of the Society of Actuaries, Vol. XXXV (1983), at pages 880 and 881. (table de rente pour 1983)

application
application means a document, approved as to form in accordance with section 6, completed and submitted to the Department or Branch by the intended purchaser of an annuity contract; (proposition)
Branch
Branch means the Annuities Branch of the Department; (division)
Commission
Commission[Repealed, SOR/97-495, s. 1]
Department
Department means the Department of Human Resources Development. (ministère)
Director of Annuities
Director of Annuities means the officer of the Branch so designated; (directeur des rentes)
effective date
effective date as applicable to an annuity contract, unless otherwise defined therein, means the date on which the first premium payment is made; (date d’entrée en vigueur)
formal contract
formal contract means a document, approved as to form and executed in accordance with section 6, issued to a purchaser as evidence of annuity contract entered into under the Act; (contrat formel)
formal endorsement
formal endorsement means an endorsement, written upon or attached to a formal contract before or after issue, with the consent of the contracting parties and executed in accordance with section 6. (avenant formel)

SOR/97-495, s. 1.

Rate of Interest

3 (1) The rate of interest to be used in the computation of values in tables for determining the values of annuities, shall be

(a) in any case where a contract for the payment of an immediate annuity is entered into under paragraph 4(a) of the Act,

(i) if the date of commencement of the annuity is earlier than the annuitant’s fifty-fifth birthday, four per cent, or
(ii) if the date of commencement of the annuity is on or after the annuitant’s fifty-fifth birthday, 5 1/4 per cent;

(b) in any case where a contract for the payment of a deferred annuity is entered into under paragraph 4(a) of the Act,

(i) if the date of commencement of the annuity is deferred for more than five years from the effective date of the contract, four per cent, or

(ii) if the date of commencement of the annuity

(A) is deferred for five years or less from the effective date of the contract, and
(B) is on or later than the annuitant’s fifty-fifth birthday,

four per cent in respect of the period commencing on the effective date of the contract and terminating on the day immediately preceding the date of commencement of the annuity and five per cent thereafter;

(c) in any case where the contract for the payment of an immediate annuity is entered into under paragraph 4(b) of the Act,

(i) if the date of commencement of the annuity is earlier than the fifty-fifth birthday of one or both of the annuitants, four per cent, or
(ii) if the date of commencement of the annuity is on or later than the fifty-fifth birthday of both of the annuitants, 5 1/4 per cent;

(d) in any case where the contract for the payment of a deferred annuity is entered into under paragraph 4(b) of the Act,

(i) if the date of commencement of the annuity is deferred more than five years after the effective date of the contract, four per cent, or

(ii) if the date of commencement of the annuity

(A) is deferred for five years or less from the effective date of the contract, and
(B) is on or later than the fifty-fifth birthday of both of the annuitants,

four per cent in respect of the period commencing on the effective date of the contract and terminating on the day immediately preceding the date of commencement of the annuity and five per cent thereafter;

(e) in any case where a group contract for the payment of annuities is entered into under subsection 6(3) of the Act on or after April 1, 1953, five per cent from April 1, 1964;
(f) in any case where an employee is registered on or after April 1, 1964, under a contract entered into under subsection 6(3) of the Act before April 1, 1953, four per cent; and
(g) in the case of any other contract entered into under the Act on or after April 1, 1964, four per cent.

(2) Where the date of commencement of a deferred annuity under a contract, the effective date of which is April 1, 1964 or later is changed, the rate of interest applicable to that contract shall be adjusted so that the interest rate payable in respect of the contract is the rate of interest that would have been applicable if the amended date of commencement had been used to determine the rate on the effective date of the contract.
(3) Interest calculated in accordance with subsections (1) and (2) shall be compounded annually.
(4) For the purposes of section 15 of the Government Annuities Improvement Act, the liability outstanding at the end of a fiscal year is, in respect of annuities, whether they have become payable or not, the present value of future payments on those annuities, taken at the end of that year based on a rate of interest of 7% per annum and the Annuity Table for 1983, as modified by Projection Scale G published in Transactions of the Society of Actuaries, Vol. XXXV (1983), at pages 882 and 883.

SOR/97-495, s. 2.

Value of an Annuity

4 (1) The mortality tables to be used in the preparation of tables for determining the values of annuities shall be computed as follows:

(a) the basic table shall be the Annuity Table for 1949 (without projection) for males and females published in Transactions of the Society of Actuaries Vol. I, pages 386-389,
(b) the mortality rates of the Annuity Table referred to in paragraph (a) shall be modified by Projection Scale C, published in Transactions of the Society of Actuaries Vol. IV, page 272, the rates of decrease for intermediate ages being found by direct interpolation between adjacent quinquennial ages, and

(c) the modified mortality rates computed in accordance with paragraphs (a) and (b) shall be used to produce a series of generation mortality tables as set forth herein, except that the mortality rate for any age falling in a calendar year prior to 1950 shall be the mortality rate for that age according to the basic table referred to in paragraph (a), and each table shall apply to annuitants born in the calendar years as follows:

Generation Table in which age 65 occurs in the calendar year
Applies to annuitants born in the calendar years

1945
1890 and before

1955
1891-1900

1965
1901-1910

1975
1911-1920

1985
1921-1930

1995
1931-1940

2005
1941-1950

2015
1951-1960

2025
1961-1970

(2) In determining the value of an annuity payable in accordance with paragraph 4(b) of the Act, the following modification in the use of the mortality tables computed in accordance with subsection (1) shall apply:

(a) where one annuitant is a male and the other is a female the joint annuity required in determining the value of the annuity shall be computed as though the female life belonged to the same generation as the male life, or
(b) where both annuitants are of the same sex, the joint annuity required in determining the value of the annuity shall be computed as though both lives belonged to the generation of the older life.

(3) In determining the values of annuities purchased by group annuity contracts entered into pursuant to subsection 6(3) of the Act, the mortality rates for a male life shall be taken as the rates for the age one year older than the actual age.
(4) [Repealed, SOR/97-495, s. 3]

SOR/97-495, s. 3.

5 (1) Notwithstanding sections 3 and 4,

(a) where a person, prior to April 19, 1948, ceased to be employed by an employer who entered into a contract pursuant to subsection 6(3) of the Act, received from the Minister a statement of the annuity payable to him under the contract containing the following words:
“This contract witnesseth further that in consideration of the payment of premiums in any other manner than above indicated, such annuity shall be paid at the date of maturity of this contract as such premiums will purchase according to the rates of mortality and interest in effect on the date of inclusion of the annuitant under the Group Annuity Contract, provided, however, that the total annuity payable to the Annuitant hereunder and under any other Canadian Government Annuity Contracts shall not exceed $1,200 per year”
or words to the like effect, or

(b) where a person was included as an employee under such a contract made prior to April 19, 1948, and the contract or the agreement between the employer and his employees pursuant to which the contract was made included the following provision:
“TERMINATION OF EMPLOYMENT”
“If for any reason other than his death a member should cease to be employed by the employer before his Normal Retirement Date, the total of the contributions which he has made under the Plan will remain at his credit with the Government, to provide him with an annuity commencing at Normal Retirement Date, or any earlier anniversary thereof.  The member will have the privilege of continuing contributions in order to increase the amount of his annuity”
or words to the like effect,

and such person purchased or purchases on his own life an annuity with the same day of commencement and duration as that of the annuity payable to him under the contract referred to in paragraph (a), the rate of interest and the mortality table for computing the purchase price of the annuity purchased by that person shall be the rate of interest and the mortality table authorized for use in computing the purchase price of annuities on the date of his inclusion as an employee under the contract referred to in paragraph (a).

(2) Subsection (1) applies only if the total annuities payable to a person under the contracts referred to therein would not exceed the maximum amount authorized for payment to any person under the Act at the date of the inclusion of that person as an employee under the contract referred to in paragraph (1)(a).

6 The forms of application and formal contracts and the terms therein contained shall be such as are approved by the Governor in Council and all formal contracts when issued and all formal endorsements added thereto shall be signed by, or bear a facsimile or lithographed signature of the Minister or Deputy Minister and be countersigned by such officer or officers of the Branch as the Minister may direct.

7 The age, identity, existence, death, residence or domicile of persons shall be proven by submission of such documents or other evidence as the Minister requires or directs.

8 The purchaser of a deferred annuity may make payments at an accounting Post Office and when so doing shall be furnished with a passbook in form approved by the Minister, and the postal employee who receives the payments shall enter records thereof in the passbook when the payments are made.

9 All annuities shall be paid monthly unless otherwise agreed upon by the purchaser and the Minister.

10 Moneys repayable under subsection 12(1) of the Act may, at the request of the person entitled to payment and with the concurrence of the Minister, be paid in instalments.

11 Where an annuity contract does not already so provide, the Minister may, upon the written application and consent of the purchaser received before the annuity becomes payable, enter into an agreement with the purchaser varying the terms of the contract

(a) if the contract is for the life of one annuitant only, to provide an annuity for the life of the annuitant, or for a term of years certain not to exceed 20 years or the life of the annuitant, whichever period is longer, or
(b) to have the annuity become payable on any future day before or after the day on which the annuity becomes payable under the contract

and the annuity or premiums shall be re-calculated to take into account the variation of such terms.

Minister May Vary Terms

12 (1) The Minister may enter into an agreement to vary the terms of a contract for the payment of an annuity entered into under the Act or other authority of Parliament, as follows:

(a) in any case where the contract for the payment of the annuity was not entered into pursuant to subsection 6(3) of the Act,

(i) where the person who entered into the contract applies therefor to the Minister, to vary the terms of the contract so that the annuitant shall be placed in the same position as if he were the purchaser,
(ii) where the purchaser of a deferred annuity under paragraph 4(a) of the Act applies to the Minister, before the annuity becomes payable, to vary the terms of the contract to provide for the payment of the annuity in monthly instalments payable for the period between the date of maturity of the contract and a date within two months immediately following the date the annuitant by reason of age could become eligible to receive a pension under the Old Age Security Act, provided the annuitant shall so long live,
(iii) where the person who entered into a contract to purchase a deferred annuity under paragraph 4(b) of the Act applies therefor to the Minister before the annuity becomes payable, to vary the terms of the contract so that the annuity will be payable on the life of one annuitant only,
(iv) where the remaining instalments of annuity are payable to the legal representatives of a deceased person, and the said legal representatives apply therefor to the Minister, to pay the remaining instalments of the annuity to a designated person and his legal representatives,
(v) where the purchaser of an annuity contract applies to the Minister, before the annuity becomes payable, to vary the terms of the contract to provide for an annuity the amount of which decreases on a specified day, and under which there may be paid an annuity greater than the maximum permitted under the Government Annuities Improvement Act and the Regulations made thereunder between the due date of the first instalment of annuity and the specified day, but in no case shall the annuity agreed to be paid exceed the actuarial equivalent of a constant annuity for the maximum amount so permitted in respect of the annuitant having the same date of commencement and the same term certain, if any, as the annuity payable under the contract,
(vi) where the purchaser of an annuity contract applies to the Minister to vary the terms of the contract to provide that if at any time the premiums held to the credit of the contract are not sufficient to purchase an annuity of $120 a year on the life of the annuitant for 20 years certain or for the life of the annuitant, whichever period is the longer, as of the original due date of the first instalment of annuity, as determined under the Act, the purchaser with the concurrence of the annuitant may surrender the rights of the purchaser and the annuitant under the contract in consideration of a single payment being made to the purchaser, without interest, for the period up to and including March 31, 1975 but with interest at the rate of seven per cent per annum for the period commencing April 1, 1975 or the date the premium was paid, whichever is later, to the date of repayment of the refund of the premiums paid under the contract, and
(vii) in any other case, in such manner as the Minister deems advisable and Treasury Board approves;

(b) where the contract was entered into pursuant to subsection 6(3) of the Act, to provide that the purchaser may, by instrument in writing received by the Minister before the day of commencement of an annuity payable to an annuitant or registered employee, elect

(i) that the annuity shall be payable in accordance with any optional type of annuity described in the contract,
(ii) that an annuity otherwise payable in accordance with paragraph 4(a) of the Act, shall be payable to the annuitant or registered employee in accordance with paragraph 4(b) of the Act,
(iii) that an annuity otherwise payable in accordance with paragraph 4(b) of the Act, shall be payable to the annuitant or registered employee in accordance with paragraph 4(a) of the Act,
(iv) to be paid an annuity the amount of which decreases on a specified day and under which there may be paid an annuity greater that the maximum permitted under the Government Annuities Improvement Act and the regulations made thereunder between the due date of the first instalment of annuity and the specified day, but in no case shall the annuity agreed to be paid exceed the actuarial equivalent of a constant annuity for the maximum so permitted in respect of the registered employee having the same date of commencement and the same term certain, if any, as the annuity payable under the contract, or
(v) that an annuity otherwise payable in accordance with paragraph 4(a) of the Act shall provide for the payment thereof in monthly instalments payable for the period between the date when the annuity becomes payable under the contract and a date within two months immediately following the date the annuitant or registered employee by reason of age could become eligible to receive a pension under the Old Age Security Act, provided the annuitant or registered employee shall so long live;

(c) where the contract was entered into pursuant to subsection 6(3) of the Act, and the purchaser applies therefor to the Minister, to provide

(i) for a change in the commencement date of the annuity to be paid to an annuitant or registered employee,
(ii) for an increase or decrease in the premium payments to be made with respect to an annuitant or registered employee,
(iii) for a change in the conditions whereby premium payments are credited to the accounts of any or all annuitants or registered employees, or
(iv) that an annuitant or registered employee shall be placed in the same position with respect to the annuity payable or to become payable to him as if he were the purchaser,

(d) where the contract was entered into pursuant to subsection 6(3) of the Act, in any case not provided for in this section, in such manner as the Minister deems advisable and Treasury Board approves; and
(e) where, pursuant to section 8 of the Act, an annuity cannot be granted or issued for the reason that accumulated premiums and interest are not sufficient to purchase an annuity greater than $10 a year, to provide for the payment of interest, after April 1, 1975, on such premiums when refunded at the rate of seven per cent per annum to the date of refund.

(2) Notwithstanding sections 3, 4 and 5, where an application to vary the terms of a contract pursuant to subparagraph (1)(a)(v) is received by the Minister on or after June 10, 1965, the tables set out in Schedule I shall be used to determine the additional annuity payable if the decrease in the amount of the annuity is to take place within two months immediately following the date the annuitant, by reason of age, could become eligible to receive a pension under the Old Age Security Act prior to attaining the age of 70 years.
(3) Notwithstanding sections 3, 4 and 5, where a purchaser elects that an annuity be paid pursuant to subparagraph (1)(b)(iv), and the first instalment of annuity is paid on or after the date of the coming into force of this subsection, the tables set out in Schedule II shall be used to determine the additional annuity payable if the decrease in the amount of the annuity is to take place within two months following the date the annuitant or registered employee, by reason of age, could become eligible to receive a pension under the Old Age Security Act prior to attaining the age of 70 years.

13 The Minister may enter into an agreement to substitute another contract for a contract for the payment of an annuity entered into under the Act or other authority of Parliament, as follows:

(a) in any case where the contract for the purchase of the annuity was not entered into pursuant to subsection 6(3) of the Act,

(i) where two persons have entered into the contract and those two persons apply to the Minister to delete the name of one of the purchasers from the contract, to substitute another contract for the original contract in the name of one purchaser bearing the same effective date as the original contract, and
(ii) in any other case, in such manner as the Minister deems advisable and Treasury Board approves; and

(b) in any case where the contract was entered into pursuant to subsection 6(3) of the Act

(i) where the purchaser ceases to employ registered employees, either in whole or in part, by reason of having disposed of the whole or any part of his undertaking or business and any of the registered employees become employees of the person to whom the purchaser has disposed of his undertaking or business, to provide that the person to whom the purchaser has disposed of his undertaking or business shall stand in the stead of the purchaser and all the rights of the registered employees shall continue as if the undertaking or business or any part thereof had not been disposed of, and
(ii) in any other case, in such manner as the Minister deems advisable and Treasury Board approves.

14 The Minister may enter into a contract to provide for the payment of an annuity the amount of which decreases on a day specified in the contract and under which there may be paid an annuity greater than the maximum permitted under the Act between the due date of the first instalment of annuity and the said day, but in no case shall the annuity agreed to be paid exceed the actuarial equivalent of a constant annuity for the maximum amount so permitted in respect of the annuitant, having the same date of commencement and the same term certain, if any, as the annuity payable under the contract.

15 (1) The Minister may enter into an agreement with the purchaser to vary the terms of a contract or to include a term in a contract entered into pursuant to subsection 6(3) of the Act, to provide that, where an employee has retired or has otherwise ceased to be employed by his employer and the premiums then held for his account are not sufficient to purchase, pursuant to such options as are available to him, an annuity on his life of $120 a year commencing at normal retirement date, the employee may, at a time stipulated in the agreement, surrender his rights to receive the whole or part of his annuity under the contract in consideration of a single payment being made to him, without interest, of an amount that bears the same ratio to the amount of premiums unconditionally held for his account as the portion of the annuity being surrendered bears to the whole annuity.
(2) Where an agreement is entered into in accordance with subsection (1), it shall provide that an employee shall not be permitted to make an election thereunder where such election would result in a forfeiture of any employer premiums which would otherwise vest in him at retirement.
(3) The rate or rates of interest to be used in calculating the annuity that the premiums held for the employee’s account are sufficient to purchase shall be the rate or rates of interest applicable to the annuity contract pursuant to the Act.
(4) Notwithstanding subsection (1), interest at seven per cent per annum for the period commencing April 1, 1975 or the date the premium was paid, whichever is later, will be added to the premiums being refunded, such interest to be calculated to the date the refund is made.
(5) The provisions of subsections (3) and (4) shall be made provisions of every contract to which subsection (1) applies.

Conversion of Contract

16 (1) Notwithstanding anything in these Regulations, where the Minister has under the Act entered into a contract, the effective date of which is later than May 31, 1920, for payment of a deferred annuity

(a) to two persons during their joint lives with continuation to the survivor, or
(b) to one person during his lifetime with continuation to another person, if surviving, during his lifetime,

and one of them dies before the annuity becomes payable, such contract shall, on application in writing by the survivor received by the Minister, be converted into a contract for the payment of an annuity to the said survivor of an amount not exceeding the maximum that might have been paid to him under the original contract.

(2) Where conversion of a contract is made under subsection (1), the premium shall be recalculated in accordance with the rate of interest and the mortality tables that were in effect at the time the contract was entered into and that would have been applied if the survivor had been the sole annuitant thereunder.
(3) The conversion of a contract under subsection (1) may be effected by endorsement written upon or attached to the original contract and executed in accordance with section 6.
(4) Notwithstanding anything in this section, subsection (1) does not apply to contracts designated or engrossed as a deferred last survivor annuity contract, Plan B.

Surrender of Rights and Benefits

17 (1) In this section “public service employer” means a Crown corporation as defined in section 76 of the Financial Administration Act (except any such corporation specified in Part I of Schedule A of the Public Service Superannuation Act), the Bank of Canada and the government of a province.

(2) Where an employee registered under a contract entered into pursuant to subsection 6(3) of the Act becomes

(a) a contributor under the Public Service Superannuation Act, or
(b) a participant in a superannuation or pension fund or plan for employees of a public service employer,

he may, with the concurrence of the Minister and the purchaser, surrender all or part of his rights and benefits under the contract in consideration of having an amount that bears the same ratio to the total of the employee premiums and accrued interest and such employer premiums and accrued interest as may be unconditionally held for his account as the portion of the annuity rights and benefits being surrendered bears to the whole annuity transferred to his credit to the Superannuation Account or to the superannuation or pension fund or plan of the public service employer concerned.

(3) The Minister shall not concur with a surrender mentioned in subsection (1) by a contributor under the Public Service Superannuation Act unless he is satisfied that the contributor will be entitled, upon surrendering all his rights and benefits in accordance with subsection (2) to make a valid election under the Public Service Superannuation Act to count thereunder as pensionable service his service with the purchaser.
(4) The Minister shall not concur with a surrender mentioned in subsection (1) by a participant in a superannuation or pension fund or plan for employees of a public service employer unless he is satisfied that the participant is eligible to count and does count his service with the purchaser as pensionable service under such superannuation or pension fund or plan.

18 The Minister may enter into an agreement to vary the terms of a contract entered into pursuant to section 4 of the Act, or he may vary the terms of an approved form of contract being entered into pursuant to that section, so that the contract conforms to the requirements of the Income Tax Act respecting a “Registered Retirement Savings Plan” within the meaning of that Act.

Amount Payable

19 Where the amount payable by way of an annuity or annuities to an employee who is registered under an annuity contract mentioned in subsection 6(3) of the Act is increased and that increase is purchased with moneys that have been paid by the employer pursuant to the contract and that would otherwise be refundable under the contract to the employer without interest, the total amount payable by way of an increased annuity or increased annuities may exceed the maximum permitted by subsection 6(1) of the Government Annuities Improvement Act.

20 The amount of the lump sum payment that is payable pursuant to section 9 of the Government Annuities Improvement Act shall be calculated as the value of the remaining instalments that would

(a) be payable under the contract pursuant to section 5 of the Government Annuities Improvement Act, discounted at the rate of seven per cent per annum, or
(b) otherwise have been payable under the contract, discounted at the rate or rates of interest applicable to the annuity contract pursuant to the Act,

whichever produces the greater amount.

Death of Annuitant

21 Where the purchaser or an annuitant under an annuity contract dies outside Canada, a grant of letters probate, or similar document of a court or authority outside Canada may be proved by the production of a copy of such document duly certified or authenticated by a judge or officer of that court or authority or a notary public or in such other manner as is acceptable to the Minister.

SCHEDULE I(s. 12)

TABLE 1(a) Individual Contracts — Premium Series 1 and 2 Integration with Old Age Security At Age 65

Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the Monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1905 and after.
MALES

Age
Ordinary
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

50
2.448
.016
2.335
.014
2.217
.021
2.674
.024

51
2.642
.017
2.510
.016
2.475
.025
2.966
.026

52
2.856
.019
2.702
.017
2.779
.027
3.280
.028

53
3.093
.021
2.913
.019
3.109
.029
3.618
.030

54
3.355
.024
3.145
.021
3.467
.032
3.980
.032

55
3.648
.027
3.400
.032
3.856
.035
4.368
.034

56
3.974
.030
3.793
.038
4.276
.037
4.783
.036

57
4.339
.034
4.250
.041
4.731
.041
5.226
.039

58
4.750
.038
4.750
.045
5.223
.044
5.697
.041

59
5.213
.043
5.298
.049
5.752
.047
6.197
.044

60
5.736
.049
5.896
.054
6.321
.050
6.727
.046

61
6.331
.056
6.548
.059
6.931
.054
7.290
.049

62
7.010
.064
7.260
.064
7.586
.058
7.881
.052

63
7.787
.074
8.034
.070
8.284
.062
8.505
.054

64
8.682

8.874

9.029

9.160

FEMALES

Age
Ordinary
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

50
2.781
.017
2.668
.016
2.557
.021
2.906
.023

51
2.988
.018
2.860
.017
2.814
.024
3.186
.025

52
3.213
.020
3.069
.019
3.110
.026
3.487
.026

53
3.460
.022
3.297
.020
3.428
.028
3.809
.028

54
3.732
.024
3.547
.022
3.771
.030
4.154
.030

55
4.030
.027
3.819
.031
4.140
.033
4.523
.033

56
4.360
.030
4.200
.036
4.538
.035
4.919
.035

57
4.725
.033
4.633
.039
4.967
.038
5.342
.037

58
5.130
.037
5.103
.042
5.431
.041
5.794
.040

59
5.580
.041
5.614
.046
5.930
.044
6.275
.042

60
6.083
.047
6.170
.050
6.467
.048
6.788
.045

61
6.648
.052
6.775
.055
7.047
.051
7.334
.048

62
7.283
.059
7.435
.060
7.670
.055
7.911
.050

63
8.001
.068
8.155
.065
8.339
.059
8.522
.053

64
8.817

8.939

9.055

9.168

TABLE 1(b) Individual Contracts — Premium Series 1 and 2 Integration with Old Age Security Commencing Between Ages 65 and 70

Monthly additional annuity for each $10 a month Old Age Security Pension. For full monthly additional annuity multiply by the monthly amount of Old Age Security Pension divide by 10 and round off to nearest cent.
The last increased payment is the one falling due in the month for which Old Age Security is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
8.740
8.897
9.074

14
8.656
8.822
9.010

15
8.572
8.747
8.946

16
8.487
8.671
8.881

17
8.403
8.596
8.817

18
8.319
8.521
8.753

19
8.235
8.445
8.688

20
8.150
8.370
8.624

21
8.066
8.295
8.560

22
7.982
8.219
8.495

23
7.898
8.144
8.431

24
7.813
8.069
8.367

25
7.729
7.993
8.302

26
7.645
7.918
8.238

27
7.579
7.852
8.178

28
7.512
7.785
8.119

29
7.446
7.719
8.059

30
7.380
7.653
8.000

31
7.314
7.586
7.940

32
7.247
7.520
7.880

33
7.181
7.454
7.821

34
7.115
7.387
7.761

35
7.049
7.321
7.702

36
6.982
7.255
7.642

37
6.916
7.188
7.583

38
6.850
7.122
7.523

39
6.799
7.065
7.469

40
6.748
7.009
7.416

41
6.697
6.952
7.362

42
6.646
6.896
7.309

43
6.595
6.839
7.255

44
6.543
6.783
7.201

45
6.492
6.726
7.148

46
6.441
6.670
7.094

47
6.390
6.613
7.041

48
6.339
6.557
6.987

49
6.288
6.500
6.934

50
6.237
6.444
6.880

51
6.193
6.395
6.832

52
6.149
6.346
6.783

53
6.105
6.297
6.735

54
6.060
6.247
6.686

55
6.016
6.198
6.638

56
5.972
6.149
6.590

57
5.928
6.100
6.541

58
5.884
6.051
6.493

59
5.839
6.002
6.444

60
5.795
5.952
6.396

61
5.751
5.903
6.347

62
5.707
5.854
6.299

FEMALES

Number of Months at Full Rate
Ordinary
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
8.837
8.940
9.089

14
8.763
8.870
9.027

15
8.689
8.800
8.965

16
8.615
8.730
8.902

17
8.541
8.660
8.840

18
8.467
8.590
8.778

19
8.393
8.520
8.715

20
8.318
8.451
8.653

21
8.244
8.381
8.591

22
8.170
8.311
8.528

23
8.096
8.241
8.466

24
8.022
8.171
8.404

25
7.948
8.101
8.341

26
7.874
8.031
8.279

27
7.813
7.969
8.222

28
7.752
7.908
8.165

29
7.691
7.846
8.108

30
7.630
7.785
8.050

31
7.569
7.723
7.993

32
7.507
7.661
7.936

33
7.446
7.600
7.879

34
7.385
7.538
7.822

35
7.324
7.477
7.765

36
7.263
7.415
7.707

37
7.202
7.354
7.650

38
7.141
7.292
7.593

39
7.093
7.240
7.542

40
7.045
7.188
7.492

41
6.997
7.136
7.441

42
6.949
7.085
7.391

43
6.901
7.033
7.340

44
6.853
6.981
7.289

45
6.805
6.929
7.239

46
6.757
6.877
7.188

47
6.709
6.825
7.138

48
6.661
6.774
7.087

49
6.613
6.722
7.037

50
6.565
6.670
6.986

51
6.523
6.625
6.941

52
6.480
6.580
6.895

53
6.438
6.535
6.850

54
6.396
6.490
6.805

55
6.354
6.445
6.759

56
6.311
6.399
6.714

57
6.269
6.354
6.669

58
6.227
6.309
6.623

59
6.185
6.264
6.578

60
6.142
6.219
6.533

61
6.100
6.174
6.487

62
6.058
6.129
6.442

TABLE 2(a) Individual Contracts — Premium Series 3 and 4 Integration with Old Age Security At Age 65

Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security is first payable.
This table applies to persons born in 1905 and after.
MALES

Mty Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
2.901
.017
2.881
.016
2.824
.015
2.729
.020
3.024
.022

51
3.105
.018
3.082
.018
3.015
.017
2.979
.023
3.292
.024

52
3.329
.020
3.302
.020
3.224
.018
3.257
.025
3.582
.026

53
3.574
.022
3.542
.021
3.449
.020
3.559
.027
3.894
.028

54
3.842
.024
3.804
.024
3.696
.022
3.888
.029
4.230
.030

55
4.139
.027
4.094
.026
3.964
.030
4.245
.032
4.590
.032

56
4.465
.030
4.411
.029
4.334
.034
4.632
.034
4.978
.034

57
4.826
.033
4.762
.032
4.750
.038
5.050
.037
5.394
.037

58
5.226
.037
5.150
.035
5.207
.041
5.504
.040
5.838
.039

59
5.672
.041
5.581
.039
5.704
.045
5.994
.044
6.312
.042

60
6.169
.046
6.060
.049
6.249
.049
6.522
.047
6.819
.044

61
6.725
.052
6.657
.055
6.843
.053
7.092
.051
7.356
.047

62
7.350
.058
7.326
.061
7.490
.058
7.705
.054
7.929
.050

63
8.055
.066
8.064
.067
8.196
.064
8.364
.058
8.534
.053

64
8.854

8.877

8.964

9.069

9.173

FEMALES

Mty Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
3.346
.017
3.328
.017
3.280
.017
3.205
.020
3.387
.021

51
3.561
.019
3.541
.019
3.487
.018
3.451
.022
3.641
.022

52
3.794
.020
3.771
.020
3.710
.020
3.719
.024
3.914
.024

53
4.045
.022
4.020
.022
3.952
.021
4.008
.025
4.207
.026

54
4.319
.024
4.291
.024
4.214
.023
4.318
.027
4.521
.028

55
4.617
.027
4.585
.026
4.496
.029
4.652
.029
4.858
.030

56
4.941
.029
4.904
.029
4.848
.032
5.011
.032
5.219
.032

57
5.295
.032
5.253
.031
5.234
.035
5.399
.034
5.606
.034

58
5.682
.035
5.634
.034
5.655
.038
5.818
.037
6.021
.037

59
6.107
.038
6.052
.038
6.111
.041
6.269
.040
6.466
.039

60
6.574
.043
6.510
.044
6.605
.044
6.756
.043
6.943
.042

61
7.094
.047
7.049
.049
7.143
.048
7.282
.047
7.451
.045

62
7.662
.052
7.644
.054
7.728
.053
7.849
.051
7.995
.048

63
8.296
.058
8.297
.059
8.364
.057
8.461
.054
8.575
.051

64
9.001

9.013

9.058

9.120

9.192

TABLE 2(b) Individual Contracts — Premium Series 3 and 4 Integration with Old Age Security Commencing Between Ages 65 and 70

Monthly additional annuity for each $10 a month Old Age Security Pension. For full monthly additional annuity multiply by the monthly amount of Old Age Security Pension divide by 10 and round off to nearest cent.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
8.831
8.956
9.096

14
8.758
8.888
9.034

15
8.684
8.819
8.973

16
8.611
8.751
8.911

17
8.538
8.683
8.849

18
8.464
8.614
8.788

19
8.392
8.546
8.726

20
8.319
8.479
8.664

21
8.247
8.411
8.603

22
8.174
8.344
8.542

23
8.102
8.276
8.481

24
8.029
8.209
8.420

25
7.957
8.141
8.359

26
7.893
8.080
8.303

27
7.829
8.019
8.246

28
7.764
7.959
8.189

29
7.700
7.898
8.133

30
7.636
7.837
8.076

31
7.573
7.776
8.019

32
7.509
7.715
7.963

33
7.446
7.654
7.906

34
7.383
7.594
7.849

35
7.319
7.533
7.793

36
7.256
7.472
7.737

37
7.193
7.411
7.681

38
7.140
7.359
7.630

39
7.089
7.308
7.579

40
7.037
7.256
7.529

41
6.985
7.204
7.479

42
6.934
7.153
7.429

43
6.882
7.101
7.379

44
6.830
7.049
7.329

45
6.779
6.998
7.279

46
6.727
6.946
7.229

47
6.675
6.894
7.179

48
6.624
6.844
7.129

49
6.572
6.793
7.079

50
6.528
6.748
7.034

51
6.484
6.703
6.989

52
6.439
6.658
6.944

53
6.396
6.613
6.899

54
6.353
6.568
6.854

55
6.309
6.523
6.809

56
6.266
6.478
6.764

57
6.223
6.433
6.719

58
6.179
6.389
6.674

59
6.136
6.344
6.630

60
6.093
6.300
6.586

61
6.049
6.256
6.542

62
6.006
6.212
6.498

FEMALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
8.974
9.042
9.131

14
8.911
8.981
9.074

15
8.847
8.920
9.016

16
8.784
8.859
8.959

17
8.721
8.799
8.902

18
8.657
8.737
8.844

19
8.594
8.675
8.786

20
8.529
8.614
8.729

21
8.465
8.552
8.671

22
8.401
8.490
8.614

23
8.337
8.429
8.556

24
8.273
8.367
8.498

25
8.209
8.305
8.439

26
8.153
8.251
8.387

27
8.097
8.197
8.334

28
8.041
8.143
8.282

29
7.985
8.089
8.229

30
7.929
8.034
8.177

31
7.874
7.979
8.124

32
7.818
7.924
8.072

33
7.762
7.869
8.019

34
7.706
7.814
7.967

35
7.650
7.759
7.914

36
7.594
7.704
7.862

37
7.539
7.649
7.809

38
7.493
7.604
7.764

39
7.447
7.558
7.718

40
7.401
7.512
7.672

41
7.355
7.466
7.626

42
7.309
7.420
7.580

43
7.264
7.374
7.534

44
7.218
7.329
7.489

45
7.172
7.282
7.443

46
7.125
7.235
7.397

47
7.079
7.189
7.351

48
7.032
7.142
7.305

49
6.985
7.095
7.259

50
6.946
7.055
7.219

51
6.907
7.015
7.179

52
6.868
6.975
7.138

53
6.829
6.935
7.097

54
6.789
6.895
7.056

55
6.749
6.855
7.015

56
6.709
6.815
6.974

57
6.669
6.775
6.934

58
6.629
6.734
6.893

59
6.589
6.694
6.852

60
6.549
6.653
6.811

61
6.509
6.612
6.770

62
6.469
6.571
6.729

TABLE 3(a) Individual Contracts — Premium Series 5, 6, 7 Integration with Old Age Security At Age 65

Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1905 and after.
MALES

Mty Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
3.211
.017
3.194
.017
3.144
.016
3.063
.020
3.277
.021

51
3.424
.019
3.404
.019
3.345
.018
3.309
.022
3.535
.023

52
3.654
.021
3.632
.020
3.564
.019
3.579
.024
3.814
.024

53
3.906
.022
3.879
.022
3.801
.021
3.872
.026
4.113
.026

54
4.181
.024
4.149
.024
4.059
.023
4.189
.028
4.434
.028

55
4.480
.027
4.443
.026
4.337
.030
4.532
.030
4.780
.030

56
4.809
.030
4.764
.029
4.697
.033
4.902
.033
5.151
.033

57
5.169
.032
5.117
.032
5.096
.036
5.302
.036
5.549
.035

58
5.564
.036
5.504
.035
5.532
.039
5.734
.038
5.976
.038

59
6.000
.040
5.930
.039
6.005
.042
6.200
.042
6.433
.040

60
6.483
.044
6.400
.046
6.519
.046
6.704
.045
6.921
.043

61
7.018
.049
6.962
.052
7.079
.050
7.248
.048
7.444
.046

62
7.613
.055
7.587
.057
7.689
.055
7.834
.052
8.000
.049

63
8.276
.061
8.273
.062
8.353
.060
8.464
.056
8.591
.052

64
9.019

9.027

9.077

9.144

9.219

FEMALES

Mty Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
3.698
.018
3.690
.018
3.668
.017
3.629
.019
3.719
.019

51
3.915
.019
3.906
.019
3.880
.019
3.859
.020
3.957
.021

52
4.149
.021
4.139
.020
4.109
.020
4.110
.022
4.213
.022

53
4.401
.022
4.389
.022
4.355
.022
4.379
.024
4.487
.024

54
4.674
.024
4.659
.024
4.619
.023
4.670
.026
4.783
.026

55
4.968
.026
4.952
.026
4.905
.027
4.984
.028
5.099
.028

56
5.286
.029
5.269
.028
5.236
.030
5.321
.030
5.440
.030

57
5.634
.031
5.611
.031
5.599
.032
5.685
.032
5.807
.032

58
6.009
.034
5.984
.033
5.991
.035
6.079
.035
6.201
.035

59
6.419
.037
6.389
.036
6.417
.038
6.504
.038
6.624
.037

60
6.867
.041
6.832
.041
6.879
.041
6.963
.041
7.079
.040

61
7.359
.044
7.334
.046
7.381
.045
7.459
.044
7.567
.043

62
7.898
.049
7.886
.050
7.927
.049
7.996
.048
8.091
.046

63
8.491
.054
8.489
.055
8.523
.053
8.577
.052
8.651
.050

64
9.146

9.149

9.170

9.205

9.251

TABLE 3(b) Individual Contracts — Premium Series 5, 6, 7 Integration with Old Age Security Commencing Between Ages 65 and 70

Monthly additional annuity for each $10 a month Old Age Security Pension. For full monthly additional annuity multiply by the monthly amount of Old Age Security Pension divide by 10 and round off to the nearest cent.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
8.962
9.045
9.151

14
8.892
8.979
9.091

15
8.823
8.914
9.031

16
8.754
8.848
8.971

17
8.684
8.782
8.911

18
8.615
8.717
8.851

19
8.546
8.652
8.791

20
8.477
8.587
8.731

21
8.408
8.522
8.671

22
8.339
8.457
8.611

23
8.269
8.392
8.551

24
8.200
8.327
8.491

25
8.131
8.262
8.431

26
8.070
8.204
8.376

27
8.009
8.145
8.321

28
7.949
8.087
8.266

29
7.888
8.029
8.211

30
7.827
7.970
8.156

31
7.766
7.912
8.101

32
7.705
7.854
8.046

33
7.644
7.795
7.991

34
7.584
7.737
7.936

35
7.524
7.679
7.881

36
7.464
7.620
7.826

37
7.404
7.562
7.772

38
7.364
7.517
7.726

39
7.325
7.473
7.680

40
7.286
7.429
7.634

41
7.247
7.384
7.589

42
7.208
7.340
7.543

43
7.169
7.296
7.497

44
7.129
7.252
7.451

45
7.090
7.208
7.406

46
7.051
7.164
7.361

47
7.012
7.119
7.316

48
6.973
7.075
7.271

49
6.934
7.031
7.226

50
6.890
6.989
7.184

51
6.846
6.946
7.141

52
6.801
6.904
7.099

53
6.756
6.861
7.056

54
6.711
6.819
7.014

55
6.666
6.776
6.971

56
6.621
6.734
6.929

57
6.576
6.693
6.886

58
6.531
6.651
6.844

59
6.486
6.609
6.803

60
6.441
6.568
6.761

61
6.396
6.526
6.719

62
6.349
6.484
6.678

FEMALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
9.103
9.141
9.201

14
9.044
9.084
9.146

15
8.984
9.025
9.091

16
8.924
8.967
9.036

17
8.864
8.909
8.980

18
8.804
8.850
8.924

19
8.744
8.792
8.869

20
8.684
8.734
8.813

21
8.624
8.675
8.757

22
8.564
8.617
8.701

23
8.504
8.559
8.645

24
8.444
8.500
8.589

25
8.384
8.442
8.534

26
8.331
8.390
8.484

27
8.279
8.339
8.434

28
8.226
8.287
8.384

29
8.174
8.235
8.334

30
8.121
8.184
8.284

31
8.069
8.132
8.233

32
8.016
8.080
8.182

33
7.964
8.029
8.131

34
7.911
7.977
8.080

35
7.858
7.924
8.029

36
7.804
7.872
7.979

37
7.751
7.819
7.928

38
7.712
7.779
7.887

39
7.673
7.739
7.846

40
7.634
7.699
7.805

41
7.594
7.659
7.764

42
7.555
7.619
7.724

43
7.516
7.579
7.682

44
7.477
7.539
7.640

45
7.438
7.499
7.599

46
7.399
7.459
7.557

47
7.359
7.419
7.515

48
7.319
7.378
7.474

49
7.279
7.337
7.432

50
7.243
7.299
7.394

51
7.206
7.262
7.357

52
7.169
7.224
7.319

53
7.133
7.187
7.281

54
7.095
7.149
7.243

55
7.058
7.112
7.204

56
7.020
7.074
7.166

57
6.983
7.037
7.128

58
6.945
6.999
7.089

59
6.908
6.962
7.051

60
6.870
6.924
7.013

61
6.833
6.885
6.974

62
6.795
6.847
6.936

TABLE 4(a) Individual Contracts — All Immediate Annuities and Series 8 Matured Integration with Old Age Security At Age 65

Monthly additional annuity for each $10 a month Old Age Security Pension. Take maturity age to years and completed months, and add the monthly difference times the number of months. For full monthly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1905 and after.
MALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
2.872
.018
2.849
.018
2.812
.017
2.749
.020
2.958
.021

51
3.091
.019
3.066
.019
3.020
.018
2.997
.022
3.215
.023

52
3.329
.021
3.303
.021
3.247
.020
3.271
.024
3.493
.025

53
3.590
.023
3.560
.023
3.493
.022
3.569
.026
3.794
.027

54
3.874
.025
3.842
.025
3.761
.024
3.893
.029
4.119
.029

55
4.185
.028
4.150
.027
4.053
.031
4.244
.031
4.471
.031

56
4.529
.031
4.484
.030
4.427
.034
4.626
.034
4.854
.034

57
4.905
.034
4.853
.034
4.844
.037
5.041
.037
5.268
.037

58
5.323
.038
5.262
.037
5.297
.041
5.494
.040
5.712
.040

59
5.783
.042
5.715
.041
5.795
.045
5.982
.044
6.193
.043

60
6.295
.047
6.215
.049
6.338
.049
6.512
.048
6.711
.046

61
6.866
.053
6.813
.055
6.930
.054
7.091
.052
7.267
.050

62
7.505
.059
7.483
.061
7.581
.059
7.716
.056
7.867
.053

63
8.215
.066
8.218
.067
8.291
.065
8.399
.061
8.509
.057

64
9.014

9.025

9.074

9.136

9.202

FEMALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
3.218
.019
3.209
.019
3.187
.018
3.156
.020
3.237
.020

51
3.447
.020
3.437
.020
3.411
.020
3.397
.021
3.487
.022

52
3.694
.022
3.683
.022
3.652
.021
3.660
.023
3.758
.024

53
3.960
.023
3.948
.023
3.913
.023
3.945
.025
4.050
.026

54
4.247
.025
4.235
.025
4.193
.025
4.252
.027
4.366
.027

55
4.558
.028
4.541
.027
4.494
.029
4.582
.029
4.701
.030

56
4.896
.030
4.876
.030
4.847
.032
4.939
.032
5.062
.032

57
5.264
.033
5.241
.033
5.232
.035
5.328
.035
5.450
.035

58
5.666
.037
5.641
.036
5.653
.038
5.749
.038
5.873
.038

59
6.111
.040
6.076
.040
6.113
.041
6.206
.041
6.330
.041

60
6.597
.044
6.559
.045
6.614
.045
6.705
.045
6.822
.044

61
7.132
.049
7.107
.050
7.162
.049
7.248
.049
7.354
.048

62
7.724
.054
7.713
.055
7.760
.055
7.838
.053
7.930
.051

63
8.381
.060
8.380
.061
8.422
.059
8.479
.058
8.549
.055

64
9.111

9.116

9.139

9.176

9.219

TABLE 4(b) Individual Contracts — All Immediate Annuities and Series 8 Matured Integration with Old Age Security Commencing Between Ages 65 and 70

Monthly additional annuity for each $10 a month Old Age Security Pension. For full monthly additional annuity multiply by the monthly amount of Old Age Security Pension divide by 10 and round off to the nearest cent.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
9.010
9.077
9.159

14
8.938
9.009
9.095

15
8.867
8.940
9.031

16
8.795
8.871
8.968

17
8.724
8.803
8.904

18
8.652
8.735
8.840

19
8.580
8.667
8.777

20
8.509
8.598
8.713

21
8.437
8.530
8.649

22
8.366
8.461
8.585

23
8.294
8.393
8.521

24
8.223
8.324
8.458

25
8.151
8.256
8.394

26
8.088
8.195
8.336

27
8.025
8.134
8.278

28
7.962
8.074
8.220

29
7.900
8.013
8.162

30
7.837
7.952
8.104

31
7.774
7.891
8.046

32
7.711
7.831
7.988

33
7.648
7.770
7.930

34
7.585
7.709
7.872

35
7.523
7.648
7.814

36
7.460
7.588
7.756

37
7.397
7.527
7.698

38
7.346
7.475
7.647

39
7.293
7.423
7.596

40
7.241
7.371
7.545

41
7.189
7.319
7.494

42
7.137
7.267
7.443

43
7.084
7.216
7.392

44
7.032
7.164
7.341

45
6.980
7.112
7.290

46
6.928
7.060
7.239

47
6.876
7.008
7.188

48
6.824
6.956
7.137

49
6.772
6.904
7.086

50
6.726
6.857
7.038

51
6.679
6.810
6.990

52
6.633
6.762
6.942

53
6.586
6.715
6.895

54
6.540
6.668
6.847

55
6.493
6.621
6.799

56
6.447
6.574
6.751

57
6.401
6.527
6.703

58
6.354
6.479
6.655

59
6.308
6.432
6.608

60
6.261
6.385
6.560

61
6.215
6.338
6.512

62
6.169
6.291
6.464

FEMALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
9.106
9.141
9.193

14
9.041
9.078
9.132

15
8.976
9.014
9.072

16
8.911
8.951
9.011

17
8.846
8.888
8.950

18
8.781
8.824
8.890

19
8.717
8.761
8.829

20
8.652
8.698
8.768

21
8.587
8.634
8.708

22
8.522
8.571
8.647

23
8.457
8.508
8.586

24
8.392
8.444
8.526

25
8.327
8.381
8.465

26
8.270
8.325
8.410

27
8.213
8.268
8.355

28
8.156
8.212
8.300

29
8.099
8.156
8.246

30
8.042
8.100
8.191

31
7.984
8.043
8.136

32
7.927
7.987
8.081

33
7.870
7.931
8.026

34
7.813
7.875
7.971

35
7.756
7.818
7.917

36
7.699
7.762
7.862

37
7.642
7.706
7.807

38
7.594
7.658
7.759

39
7.546
7.611
7.712

40
7.498
7.563
7.664

41
7.451
7.515
7.616

42
7.403
7.468
7.569

43
7.355
7.420
7.521

44
7.307
7.372
7.473

45
7.259
7.325
7.426

46
7.211
7.277
7.378

47
7.164
7.229
7.330

48
7.116
7.182
7.283

49
7.068
7.134
7.235

50
7.026
7.091
7.191

51
6.983
7.047
7.147

52
6.941
7.004
7.102

53
6.898
6.961
7.058

54
6.856
6.917
7.014

55
6.813
6.874
6.970

56
6.771
6.831
6.926

57
6.729
6.787
6.882

58
6.686
6.744
6.837

59
6.644
6.701
6.793

60
6.601
6.657
6.749

61
6.559
6.614
6.705

62
6.517
6.571
6.661

SCHEDULE II(s. 12)

TABLE 5(a) Group Rates — Premium Series 4 Integration with Old Age Security At Age 65

Yearly additional, payable in monthly instalments, for each $10 a month Old Age Security Pension. Take retirement age to years and completed months and add the monthly difference times the number of months. For full yearly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1905 and after.
MALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
34.82
.20
34.58
.20
33.89
.19
32.76
.24
36.29
.26

51
37.27
.22
36.99
.22
36.19
.20
35.75
.27
39.51
.29

52
39.95
.24
39.63
.24
38.69
.22
39.09
.30
42.99
.31

53
42.89
.26
42.51
.26
41.40
.24
42.72
.32
46.73
.33

54
46.11
.29
45.66
.28
44.36
.26
46.66
.35
50.77
.36

55
49.67
.32
49.13
.31
47.58
.36
50.95
.38
55.09
.38

56
53.59
.36
52.94
.35
52.01
.41
55.59
.41
59.74
.41

57
57.92
.40
57.15
.38
57.01
.45
60.61
.45
64.73
.44

58
62.72
.44
61.81
.43
62.49
.49
66.05
.49
70.06
.47

59
68.07
.49
66.98
.47
68.46
.54
71.93
.52
75.75
.50

60
74.03
.55
72.73
.59
75.00
.59
78.27
.57
81.83
.53

61
80.71
.62
79.89
.66
82.12
.64
85.11
.61
88.28
.57

62
88.21
.70
87.92
.73
89.89
.70
92.47
.65
95.15
.60

63
96.67
.79
96.77
.81
98.36
.76
100.37
.70
102.42
.63

64
106.25

106.53

107.57

108.84

110.08

FEMALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
40.16
.21
39.94
.21
39.37
.20
38.47
.24
40.65
.25

51
42.74
.23
42.50
.23
41.85
.22
41.42
.26
43.70
.27

52
45.53
.25
45.26
.24
44.53
.24
44.63
.28
46.98
.29

53
48.55
.27
48.25
.27
47.43
.26
48.10
.31
50.49
.31

54
51.84
.29
51.50
.29
50.57
.28
51.82
.33
54.26
.33

55
55.41
.32
55.03
.31
53.96
.35
55.83
.35
58.30
.36

56
59.30
.35
58.86
.34
58.18
.38
60.14
.38
62.63
.38

57
63.55
.38
63.04
.38
62.82
.42
64.79
.41
67.28
.41

58
68.19
.42
67.62
.41
67.87
.45
69.82
.45
72.26
.44

59
73.29
.46
72.63
.45
73.34
.49
75.23
.48
77.60
.47

60
78.90
.51
78.13
.53
79.27
.53
81.08
.52
83.32
.50

61
85.13
.56
84.60
.59
85.72
.58
87.39
.56
89.42
.54

62
91.95
.63
91.74
.65
92.74
.63
94.19
.61
95.95
.58

63
99.56
.70
99.57
.71
100.37
.69
101.54
.65
102.91
.61

64
108.02

108.16

108.70

109.45

110.31

TABLE 5(b) Group Rates — Premium Series 4 Integration with Old Age Security Commencing Between Ages 65 and 70

Yearly additional annuity payable in monthly instalments, for each $10 a month Old Age Security Pension. For full yearly additional annuity multiply by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
105.98
107.48
109.16

14
105.10
106.66
108.42

15
104.22
105.84
107.68

16
103.34
105.02
106.94

17
102.46
104.20
106.20

18
101.58
103.38
105.46

19
100.71
102.56
104.72

20
99.84
101.75
103.98

21
98.97
100.94
103.24

22
98.10
100.13
102.51

23
97.23
99.32
101.78

24
96.36
98.51
101.05

25
95.49
97.70
100.32

26
94.72
96.97
99.64

27
93.95
96.24
98.96

28
93.18
95.51
98.28

29
92.41
94.78
97.60

30
91.64
94.05
96.92

31
90.88
93.32
96.24

32
90.12
92.59
95.56

33
89.36
91.86
94.88

34
88.60
91.13
94.20

35
87.84
90.40
93.52

36
87.08
89.67
92.85

37
86.32
88.94
92.18

38
85.69
88.32
91.57

39
85.07
87.70
90.96

40
84.45
87.08
90.35

41
83.83
86.46
89.75

42
83.21
85.84
89.15

43
82.59
85.22
88.55

44
81.97
84.60
87.95

45
81.35
83.98
87.35

46
80.73
83.36
86.75

47
80.11
82.74
86.15

48
79.49
82.13
85.55

49
78.87
81.52
84.95

50
78.34
80.98
84.41

51
77.81
80.44
83.87

52
77.28
79.90
83.33

53
76.76
79.36
82.79

54
76.24
78.82
82.25

55
75.72
78.28
81.71

56
75.20
77.74
81.17

57
74.68
77.20
80.63

58
74.16
76.67
80.10

59
73.64
76.14
79.57

60
73.12
75.61
79.04

61
72.60
75.08
78.51

62
72.08
74.55
77.98

FEMALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
107.69
108.51
109.58

14
106.93
107.78
108.89

15
106.17
107.05
108.20

16
105.41
106.32
107.51

17
104.65
105.59
106.82

18
103.89
104.85
106.13

19
103.13
104.11
105.44

20
102.36
103.37
104.75

21
101.59
102.63
104.06

22
100.82
101.89
103.37

23
100.05
101.15
102.68

24
99.28
100.41
101.98

25
98.51
99.67
101.28

26
97.84
99.02
100.65

27
97.17
98.37
100.02

28
96.50
97.72
99.39

29
95.83
97.07
98.76

30
95.16
96.42
98.13

31
94.49
95.76
97.50

32
93.82
95.10
96.87

33
93.15
94.44
96.24

34
92.48
93.78
95.61

35
91.81
93.12
94.98

36
91.14
92.46
94.35

37
90.47
91.80
93.72

38
89.92
91.25
93.17

39
89.37
90.70
92.62

40
88.82
90.15
92.07

41
88.27
89.60
91.52

42
87.72
89.05
90.97

43
87.17
88.50
90.42

44
86.62
87.95
89.87

45
86.07
87.39
89.32

46
85.51
86.83
88.77

47
84.95
86.27
88.22

48
84.39
85.71
87.67

49
83.83
85.15
87.11

50
83.36
84.67
86.63

51
82.89
84.19
86.15

52
82.42
83.71
85.66

53
81.95
83.23
85.17

54
81.47
82.75
84.68

55
80.99
82.27
84.19

56
80.51
81.79
83.70

57
80.03
81.31
83.21

58
79.55
80.82
82.72

59
79.07
80.33
82.23

60
78.59
79.84
81.74

61
78.11
79.35
81.25

62
77.63
78.86
80.76

TABLE 6(a) Group Rates — Premium Series 5, 6, 7, 8 Integration with Old Age Security At Age 65

Yearly additional annuity, payable in monthly instalments, for each $10 a month Old Age Security Pension. Take retirement age in years and completed months and add the monthly difference times the number of months. For full yearly additional annuity multiply the resulting figure by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1905 and after.
MALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
38.54
.21
38.33
.21
37.73
.20
36.76
.24
39.33
.25

51
41.09
.23
40.85
.22
40.15
.21
39.71
.27
42.43
.27

52
43.86
.25
43.59
.24
42.77
.23
42.95
.29
45.77
.29

53
46.88
.27
46.56
.26
45.62
.25
46.47
.31
49.36
.32

54
50.18
.29
49.79
.29
48.71
.27
50.27
.34
53.22
.34

55
53.77
.32
53.32
.32
52.05
.36
54.39
.37
57.37
.37

56
57.71
.36
57.18
.35
56.37
.39
58.83
.40
61.82
.39

57
62.03
.39
61.41
.38
61.16
.43
63.63
.43
66.59
.42

58
66.78
.43
66.05
.42
66.39
.47
68.81
.46
71.72
.45

59
72.01
.48
71.17
.47
72.07
.51
74.41
.50
77.20
.48

60
77.80
.53
76.81
.56
78.24
.56
80.45
.54
83.06
.52

61
84.22
.59
83.55
.62
84.96
.60
86.98
.58
89.33
.55

62
91.36
.66
91.05
.68
92.27
.66
94.01
.63
96.01
.59

63
99.32
.74
99.28
.75
100.24
.72
101.58
.68
103.10
.62

64
108.23

108.33

108.93

109.74

110.64

FEMALES

Age
Ordinary
Guaranteed 5
Guaranteed 10
Guaranteed 15
Guaranteed 20

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

Mon. Diff.

$

$

$

$

$

50
44.38
.21
44.29
.21
44.02
.21
43.55
.23
44.64
.23

51
46.99
.23
46.88
.23
46.57
.22
46.32
.25
47.49
.25

52
49.79
.25
49.67
.25
49.31
.24
49.33
.26
50.56
.27

53
52.82
.27
52.68
.27
52.27
.26
52.56
.29
53.85
.29

54
56.09
.29
55.92
.29
55.44
.28
56.05
.31
57.40
.31

55
59.62
.31
59.43
.31
58.87
.33
59.81
.33
61.20
.34

56
63.44
.34
63.23
.34
62.84
.36
63.86
.36
65.29
.36

57
67.61
.37
67.34
.37
67.19
.39
68.23
.39
69.69
.39

58
72.12
.40
71.81
.40
71.90
.42
72.95
.42
74.42
.42

59
77.03
.44
76.68
.44
77.01
.46
78.05
.45
79.50
.45

60
82.41
.49
81.99
.50
82.56
.50
83.56
.49
84.96
.48

61
88.31
.53
88.02
.55
88.58
.54
89.52
.53
90.81
.52

62
94.78
.59
94.64
.60
95.13
.59
95.96
.58
97.10
.56

63
101.90
.65
101.88
.66
102.28
.64
102.93
.62
103.82
.60

64
109.76

109.80

110.05

110.47

111.02

TABLE 6(b) Group Rates — Premium Series 5, 6, 7, 8 Integration with Old Age Security Commencing Between Ages 65 and 70

Yearly additional annuity, payable in monthly instalments, for each $10 a month Old Age Security Pension. For full yearly additional annuity multiply by the monthly Old Age Security Pension and divide by 10.
The last increased payment is the one falling due in the month for which Old Age Security Pension is first payable.
This table applies to persons born in 1904 and before.
MALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
107.55
108.55
109.82

14
106.71
107.76
109.10

15
105.88
106.97
108.38

16
105.05
106.18
107.66

17
104.22
105.39
106.94

18
103.39
104.61
106.22

19
102.56
103.83
105.50

20
101.73
103.05
104.78

21
100.90
102.27
104.06

22
100.07
101.49
103.34

23
99.24
100.71
102.62

24
98.41
99.93
101.90

25
97.58
99.15
101.18

26
96.85
98.45
100.52

27
96.12
97.75
99.86

28
95.39
97.05
99.20

29
94.66
96.35
98.54

30
93.93
95.65
97.88

31
93.20
94.95
97.22

32
92.47
94.25
96.56

33
91.74
93.55
95.90

34
91.01
92.85
95.24

35
90.29
92.15
94.58

36
89.57
91.45
93.92

37
88.85
90.75
93.27

38
88.38
90.21
92.72

39
87.91
89.68
92.17

40
87.44
89.15
91.62

41
86.97
88.62
91.07

42
86.50
88.09
90.52

43
86.03
87.56
89.97

44
85.56
87.03
89.42

45
85.09
86.50
88.88

46
84.62
85.97
88.34

47
84.15
85.44
87.80

48
83.68
84.91
87.26

49
83.22
84.38
86.72

50
82.69
83.87
86.21

51
82.16
83.36
85.70

52
81.62
82.85
85.19

53
81.08
82.34
84.68

54
80.54
81.83
84.17

55
80.00
81.32
83.66

56
79.46
80.82
83.15

57
78.92
80.32
82.64

58
78.38
79.82
82.14

59
77.84
79.32
81.64

60
77.30
78.82
81.14

61
76.76
78.32
80.64

62
76.20
77.82
80.14

FEMALES

Number of Months at Full Rate
Ordinary and Guar. 5
Guar. 10
Guar. 15 and Guar. 20

$
$
$

13
109.24
109.70
110.42

14
108.53
109.01
109.76

15
107.81
108.31
109.10

16
107.09
107.61
108.44

17
106.37
106.91
107.77

18
105.65
106.21
107.10

19
104.93
105.51
106.43

20
104.21
104.81
105.76

21
103.49
104.11
105.09

22
102.77
103.41
104.42

23
102.05
102.71
103.75

24
101.33
102.01
103.08

25
100.61
101.31
102.41

26
99.98
100.69
101.81

27
99.35
100.07
101.21

28
98.72
99.45
100.61

29
98.09
98.83
100.01

30
97.46
98.21
99.41

31
96.83
97.59
98.80

32
96.20
96.97
98.19

33
95.57
96.35
97.58

34
94.94
95.73
96.97

35
94.30
95.10
96.36

36
93.66
94.47
95.75

37
93.02
93.84
95.14

38
92.55
93.36
94.65

39
92.08
92.88
94.16

40
91.61
92.40
93.67

41
91.14
91.92
93.18

42
90.67
91.44
92.69

43
90.20
90.96
92.19

44
89.73
90.48
91.69

45
89.26
90.00
91.19

46
88.79
89.52
90.69

47
88.32
89.03
90.19

48
87.84
88.54
89.69

49
87.36
88.05
89.19

50
86.92
87.60
88.74

51
86.48
87.15
88.29

52
86.04
86.70
87.84

53
85.60
86.25
87.38

54
85.15
85.80
86.92

55
84.70
85.35
86.46

56
84.25
84.90
86.00

57
83.80
84.45
85.54

58
83.35
84.00
85.08

59
82.90
83.55
84.62

60
82.45
83.09
84.16

61
82.00
82.63
83.70

62
81.55
82.17
83.24