Commonwealth Consolidated Acts

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SUPERANNUATION ACT 1976 - SCHEDULE 1

Standard age retirement pension on or after attaining 65 years

Subsections   56(2) and (3)

 

 

Table 1

Rate of pension where contributory service not less than 31 years

 

Column 1

Column 2

Number of complete years of contributory service completed before age 65

Percentage of final annual rate of salary

31 ........................................

50.25

32 ........................................

50.50

33 ........................................

50.75

34 ........................................

51.00

35 ........................................

51.25

36 ........................................

51.50

37 ........................................

51.75

38 ........................................

52.00

39 ........................................

52.25

40 or more ...................................

52.50

Table 2

Rate of pension where contributory service less than 30 years

Column 1

Column 2

Number of complete years of contributory service

Percentage of final annual rate of salary

29 ........................................

49

28 ........................................

48

27 ........................................

47

26 ........................................

46

25 ........................................

45

24 ........................................

44

23 ........................................

43

22 ........................................

42

21 ........................................

41

20 ........................................

40

19 ........................................

38

18 ........................................

36

17 ........................................

34

16 ........................................

32

15 ........................................

30

14 ........................................

28

13 ........................................

26

12 ........................................

24

11 ........................................

22

10 ........................................

20

9 .........................................

18

8 .........................................

16

7 .........................................

14

6 .........................................

12

5 .........................................

10

4 .........................................

8

3 .........................................

6

2 .........................................

4

1 .........................................

2



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