Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:8_3
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 8 cl 3
Character Range: 702367–703450

3  Pension valuation factors
 (1) The table at the end of this clause sets out the pension valuation factors. The columns of the table deal with the following:
 (a) column 1 sets out the remaining term of the pension (in complete years);
 (b) column 2 applies if the pension is not indexed;
 (c) column 3 applies if the pension is CPI indexed;
 (d) column 4 applies if the pension is CPI indexed with a 5% cap;
 (e) column 5 applies if the pension is CPI indexed plus 1%;
 (f) column 6 applies if the pension is CPI indexed plus 1% with a 5% cap;
 (g) column 7 applies if the pension is indexed at 3%;
 (h) column 8 applies if the pension is a wage indexed pension;
 (i) column 9 applies if the pension is indexed at 4%;
 (j) column 10 applies if the pension is indexed at 5%.
 (2) In this clause:
CPI means the consumer price index.
wage indexed pension means a pension 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).

RTP  Pension valuation factors