Actuary Tables Used For Age Adjusting Lump Sum Payments
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments
Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made on or before 15 January 2010
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-factors-permanent-impairment-periodic-payments-lump-sums-where-election-lump-sum-made-or-15-january-2010
Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made after 15 January 2010 and before 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-factors-permanent-impairment-periodic-payments-lump-sums-where-election-lump-sum-made-after-15-january-2010-and-4-may-2015
Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made on or after 1 March 2021
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-factors-permanent-impairment-periodic-payments-lump-sums-where-election-lump-sum-made-or-after-1-march-2021
Conversion factors - permanent impairment periodic payments to lump sums where the election for lump sum is made on or after 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-factors-permanent-impairment-periodic-payments-lump-sums-where-election-lump-sum-made-or-after-4-may-2015
Converting wholly dependent partners' weekly compensation following death periodic payments to a lump sum where the date of the member's death is on or before 15 January 2010.
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/converting-wholly-dependent-partners-weekly-compensation-following-death-periodic-payments-lump-sum-where-date-members-death-or-15-january-2010
Converting wholly dependent partners' weekly compensation following death periodic payments to a lump sum where the date of the member's death is after 15 January 2010 and before 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/node/19429
Converting wholly dependent partners' weekly compensation following death periodic payments to a lump sum where the date of the member's death is on or after 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/converting-wholly-dependent-partners-weekly-compensation-following-death-periodic-payments-lump-sum-where-date-members-death-or-after-4-may-2015
Age-adjustment of wholly dependent partners' lump sum additional compensation following death where the date of the member's death is on or before 15 January 2010
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/age-adjustment-wholly-dependent-partners-lump-sum-additional-compensation-following-death-where-date-members-death-or-15-january-2010
Age-adjustment of wholly dependent partners' lump sum additional compensation following death where the date of the member's death is after 15 January 2010 and before 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/node/19433
Age-adjustment of wholly dependent partners' lump sum additional compensation following death where the date of the member's death is on or after 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/age-adjustment-wholly-dependent-partners-lump-sum-additional-compensation-following-death-where-date-members-death-or-after-4-may-2015
Conversion of Commonwealth-funded portion of lump sum superannuation to a weekly amount on or before 15 January 2010
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-commonwealth-funded-portion-lump-sum-superannuation-weekly-amount-or-15-january-2010
Conversion of Commonwealth-funded portion of lump sum superannuation to a weekly amount after 15 January 2010 and before 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-commonwealth-funded-portion-lump-sum-superannuation-weekly-amount-after-15-january-2010-and-4-may-2015
Conversion of Commonwealth-funded portion of lump sum superannuation to a weekly amount on or after 4 May 2015
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-commonwealth-funded-portion-lump-sum-superannuation-weekly-amount-or-after-4-may-2015
Conversion of a lump sum payment made under the SRCA to a weekly amount
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-lump-sum-payment-made-under-srca-weekly-amount
Converting wholly dependent partners' weekly compensation following death periodic payments to a lump sum where the date of the member's death is on or after 1 March 2021
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/node/84037
Partner’s age-based number under s234(2) of the MRC Act of the MRCA where the date of the member’s death is on or after 1 March 2021
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/partner-s-age-based-number-under-s2342-mrc-act-mrca-where-date-member-s-death-or-after-1-march-2021
Conversion of Commonwealth-funded portion of lump sum superannuation to a weekly amount on or after 1 March 2021
Use of Actuary Tables
Life Tables, based from data provided by the Australian Government Actuary, are used for the calculations of a range of different payments available under Veterans’ Entitlements Act 1986 (VEA), the Military Rehabilitation and Compensation Act 2004 (MRCA) and the Military Rehabilitation and Compensation (Consequential and Transitional Provisions) Act 2004 (MRC(C&TP)A).
Life tables change from time to time as living conditions improve and both men and women enjoy an increasing average life expectancy. The Australian Government Actuary issues instructions and data to the Department of Veterans’ Affairs on how to apply the respective Life Tables to different calculations. These life tables are used to apply to calculating age-based lump sums and for converting lump sums to weekly payment equivalents. This helps ensure that a person receives the same amount of compensation, irrespective of the method of payment and that people are compensated appropriately.
More detailed information on the application of life tables to different payment calculations can be viewed via the CLIK Policy section on the relevant payment (for example MRCA Permanent Impairment Lump Sum use of life tables are detailed in Chapter 5 – Part 11.2, of the PI manual)
Last amended: 26 March 2013
Source URL: https://clik.dva.gov.au/military-compensation-mrca-manuals-and-resources-library/actuary-tables-used-age-adjusting-lump-sum-payments/conversion-commonwealth-funded-portion-lump-sum-superannuation-weekly-amount-or-after-1-march-2021