Document ID: chunk:federal_register_of_legislation:F2013L00458:clause:1_1
Version: federal_register_of_legislation:F2013L00458
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 33187–34529

1     An interest that a person has in the scheme as a result of being paid a pension under the Act.  where:
                                                                                                      AP is the annual rate of pension payable to the person at the relevant date.
                                                                                                      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.
                                                                                                      PFy is the pension valuation factor mentioned in Table 3 for the person's pension type, gender and age in completed years at the relevant date.
                                                                                                      PFy+1 is the pension valuation factor mentioned in Table 3 that would apply if the person's age in completed years at the relevant date were 1 year more than it is.

Division 1.4—Factors
Table 1A  Valuation factors for serving judges (F)—males with compulsory retiring age of 65
Age at which eligible to retire with pension
Age                                           60       61       62       63       64       65
30 or younger                                 12.0745