Document ID: chunk:federal_register_of_legislation:F2013L00457:clause:1_1
Version: federal_register_of_legislation:F2013L00457
Segment Type: clause
Provision Reference: sch 1 cl 1
Character Range: 4569–5274

1  Method

  The formula for calculating the scheme value is as follows:

where:
AP is the annual rate of pension payable to the member spouse at the commencement time.
Fy is the number in Table 2 that applies to the member spouse's gender, and age in whole years, at the commencement time.
Fy+1 is the number in Table 2 that would apply to the member spouse if the member spouse's age in whole years was one year more than it was at the commencement time.
m is the number of whole months of the member spouse's age that are not included in the member spouse's age in whole years at the commencement time.

Part 2—Factors

Table 1 Factors
Age            Male     Female
30 or younger  33.2882  35.2430