Document ID: chunk:federal_register_of_legislation:F2024C00260:clause:1_1:p2
Version: federal_register_of_legislation:F2024C00260
Segment Type: clause
Provision Reference: sch 1 cl 1 (pt 2/2)
Character Range: 1380341–1383213

person can first retire with a pension that are not included in the age in completed years.
                                                                                                                                                                           (c) For paragraph (a), LSF is determined in accordance with the following formula:

                                                                                                                                                                             where:

                                                                                                                                                                            LSFy,a is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that applies to the person having regard to the person's gender, compulsory retirement age, age in completed years at the relevant date and the age in completed years at which the person can first retire with a pension.
                                                                                                                                                                            LSFy+1,a is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if the person's age in completed years at the relevant date were 1 year more than it is.
                                                                                                                                                                            LSFy,a+1 is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if the age in completed years at which the person can first retire with a pension were 1 year more than it is.
                                                                                                                                                                            LSFy+1,a+1 is the lump sum valuation factor mentioned in whichever of Tables 2A to 2D is applicable that would apply if, at the relevant date, both the person's age in completed years and the age in completed years at which the person can first retire were 1 year more than they are.
                                                                                                                                                                            m is the number of complete months of the person's age, at the relevant date, that are not included in the completed years of age.
                                                                                                                                                                            ma is the number of complete months of the age at which the person can first retire with a pension that are not included in the age in completed years.