Document ID: chunk:federal_register_of_legislation:F2023C01022:clause:5_3
Version: federal_register_of_legislation:F2023C01022
Segment Type: clause
Provision Reference: sch 5 cl 3
Character Range: 494863–496189

3  Pension valuation factors
 (1) The table in this clause sets out the pension valuation factors.
 (2) The factors in column 2 apply if the pension is not indexed.
 (3) The factors in column 3 apply if the pension is indexed in accordance with the consumer price index.
 (4) The factors in column 4 apply if the pension is indexed in accordance with the consumer price index with a cap of 5%.
 (5) The factors in column 5 apply if the pension is indexed in accordance with the consumer price index plus 1%.
 (6) The factors in column 6 apply if the pension is indexed in accordance with the consumer price index plus 1% with a cap of 5%.
 (7) The factors in column 7 apply if the pension is indexed in accordance with a general wage index (for example, average weekly earnings, or average weekly ordinary time earnings, published by the Australian Bureau of Statistics).
 (8) The factors in column 8 apply if the pension is indexed at 3%.
 (9) The factors in column 9 apply if the pension is indexed at 5%.

Remaining term of pension (in complete years)  Pension valuation factors
Pension not indexed                            CPI indexed pension        CPI indexed pension with 5% cap  CPI indexed pension plus 1%  CPI indexed pension plus 1% with 5% cap  Wage indexed pension  Pension indexed at 3%  Pension indexed at 5%