In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:
Effective date prior to 1 October 2023
For all determinations in respect of an early retirement with an effective date prior to 1 March 2023 and calculated on or after 1 October 2022 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 March 2023
For all determinations in respect of an early retirement with an effective date prior to 1 March 2023 and calculated on or after 1 October 2022 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 October 2022
For all determinations in respect of an early retirement with an effective date prior to 1 October 2022 and calculated on or after 1 October 2021 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 October 2021
For all determinations in respect of an early retirement with an effective date prior to 1 October 2021 and calculated on or after 1 October 2020 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 October 2020
For all determinations in respect of an early retirement with an effective date prior to 1 October 2020 and calculated on or after 1 October 2019 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 October 2019
For all determinations in respect of an early retirement with an effective date prior to 1 October 2019 and calculated on or after 1 November 2018 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 November 2018
For all determinations in respect of an early retirement with an effective date prior to 1 November 2018 and calculated on or after 1 November 2017 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 November 2017
For all determinations in respect of an early retirement with an effective date prior to 1 November 2017 and calculated on or after 1 April 2015 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 April 2015
For all determinations in respect of an early retirement with an effective date prior to 1 April 2015 and calculated on or after 1 August 2011 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Effective date prior to 1 August 2011
For all determinations in respect of an early retirement with an effective date prior to 1 August 2011 and calculated on or after 6 April 2010 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension - is calculated according to Table 2.
Effective date prior to 6 April 2010
For all determinations in respect of an early retirement with an effective date prior to 6 April 2010 and calculated on or after 1 January 2009 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension - is calculated according to Table 2.
Effective date prior to 1 January 2009
For all determinations in respect of an early retirement with an effective date prior to 1 January 2009 and calculated on or after 11 September 2006 – the amount of pension payable early is calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.
Early retirement calculated on or before 10 September 2006
For all determinations in respect of an early retirement calculated on or before 10 September 2006 – the amount of pension payable early should be calculated according to Table 1.
The amount of lump sum compensation payable early - where the lump sum is a separate entitlement to pension, rather than derived by commuting pension – is calculated according to Table 2.