Pension Formulae (Latin~Plural) Tools |
The Formulae S.I.No:129 Schedule 2 ~ Personal Awards Pages ~ 44-46. Go Here: Counting Service Rule A7 and its simple formula, ‘Reckoning of service for purposes of awards’ is the applicable Rule; Go Here; • The principle is that you count as many 60ths of APP towards your basic ill health pension as you 1/60th of APP for each year of service up to 20, plus 2/60ths of APP for each year of service over 20. • In addition you count an extra 7/60ths of APP (“ill-health enhancement”) if you have 5 years’ service or more; if discharged under Rule B3 ill-health. • Official Quote length of pensionable service (1) No of 60ths of APP Counbting for Pension (2) less than 5 years 1 for each year (but never less than 1/60th); 5-10 years 2 for each year plus 7/60ths for ill-health discharge; 10-13 years 20 ; More than 13 years 7/60ths plus 1 for each year up to 20 and 2 for each year over 20. |
Pension Calculator Tools On Line |
Counting years,Weeks, & Days: Go Here.
Convert days to decimal point years: Go Here. Days between two Dates : Go Here. List of Leap Years: Go Here. Fractions to Decimal Calculator: Go Here. Compound Interest Calculator: Go Here. Simple Maths Calculator: Basic Calculator. On Part decimals do not forget to ’round up’. |