Document ID: chunk:federal_register_of_legislation:F2025L00178:clause:5_18
Version: federal_register_of_legislation:F2025L00178
Segment Type: clause
Provision Reference: sch 5 cl 18
Character Range: 600884–602551

18  Meaning of survival valuation factor
 (1) For the purposes of clause 16, Sx+t, y+m is:
where:
Sx+t, y means:
m means the number of complete months of the remaining guarantee period of the pension that are not included in the remaining complete years at the relevant date.
Sx+t, y+1 means:
x means the member spouse's age in completed years at the relevant date.
y means the remaining guarantee period of the pension in complete years at the relevant date.
t means the number of completed months of the member spouse's age that are not included in the completed years at the relevant date.
Sx, y means the survival valuation factor mentioned in subclause (2) or (3) that applies to:
 (a) the member spouse; and
 (b) the member spouse's age in completed years at the relevant date; and
 (c) the remaining guarantee period of the pension in completed years at the relevant date.
Sx+1, y means the survival valuation factor mentioned in subclause (2) or (3) that would apply to:
 (a) the member spouse; and
 (b) the remaining guarantee period of the pension in completed years at the relevant date;
if the member spouse's age in completed years at the relevant date was one year more than the member spouse's actual age in completed years at that date.

Survival valuation factors for males
 (2) The survival valuation factors that apply for males are as follows:

     Remaining guaranteed period (in completed years)
Age  1                                                 2       3       4       5       6       7       8       9       10
≤60  0.9977                                            0.9953  0.9928  0.9902  0.9874  0.9840  0.9802  0.9758  0.9709  0.9654