Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_98:p26
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 98 (pt 26/26)
Character Range: 1690237–1692800

Table 8 of Division 8.4 that is applicable, given:
 (a) the person's age in completed years (y) at the relevant date; and
 (b) the person's gender; and
 (c) the type of pension.
  m is the number of complete months of the person's age that are not included in the person's age in completed years at the relevant date.
  PFy+1 is the valuation factor mentioned in Table 8 of Division 8.4 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

Division 8.4 Factors, probabilities and proportions of optional units for which contributions are required to be made

Table 1 Discount factors
Note   Step 3 of the method set out in clause 2 modifies the discount factor that applies to a calculation year by replacing the reference to '1 July in the financial year in which the relevant date occurs' in the heading of column 1 of the following table with a reference to '1 July after the relevant date'.

Number of years in the period commencing on 1 July in the financial year in which the relevant date occurs and ending on 1 July in the calculation year  Discount factor (dt)
 1                                                                                                                                                        1.099
 2                                                                                                                                                        1.171
 3                                                                                                                                                        1.247
 4                                                                                                                                                        1.328
 5                                                                                                                                                        1.414
 6                                                                                                                                                        1.506
 7                                                                                                                                                        1.604
 8                                                                                                                                                        1.708
 9                                                                                                                                                        1.819