The Financial Assistance Scheme
Commutation Factors
Age Exact
Factor for nonincreasing assistance
Factor for increasing
assistance
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
20.76
20.71
20.65
20.59
20.54
20.47
20.41
20.34
20.27
20.19
20.11
20.03
19.94
19.85
19.75
19.65
19.55
19.44
19.32
19.2
19.07
18.93
18.79
18.64
18.49
18.31
18.14
17.96
17.77
17.58
17.37
17.15
16.93
16.69
16.44
16.18
15.91
15.63
15.34
15.04
14.73
35.77
35.51
35.26
34.99
34.72
34.44
34.16
33.86
33.57
33.27
32.96
32.64
32.31
31.98
31.64
31.29
30.94
30.57
30.2
29.82
29.44
29.04
28.63
28.22
27.79
27.34
26.9
26.44
25.98
25.51
25.02
24.53
24.02
23.51
22.98
22.45
21.9
21.35
20.79
20.22
19.65
Notes:
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The commutation factors are selected on the basis of the member’s age at retirement.
The factors are unisex
If the member does not retire on their birthday, the factors should be interpolated.
Increasing and non-increasing assistance should be allowed for by using an ‘average’ commutation factor that is calculated by weighting the respective factors by the proportions of increasing and non-increasing assistance
payable to the member.
These factors will be reviewed from time to time and may be changed without notice.