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Actuary Tables Used For Age Adjusting Lump Sum Payments
- 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
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This table converts a weekly payment for permanent impairment to a lump sum. Please note that the MRCA enables the maximum lump sum to be paid for males up to age 30.
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Factors for converting weekly amount (under section 68, 71 or 75(2)) to a lump sum under section 78 of the MRCA where the election is made after 15 January 2010 and before 4 May 2015 | |||||
|
Age Next Birthday at the Notice Date |
Male |
Female |
Age Next Birthday at the Notice Date |
Male |
Female |
|
Up to 31 |
1326.1 |
1326.1 |
61 |
814.3 |
903.9 |
|
32 |
1314.3 |
1326.1 |
62 |
791.9 |
882.2 |
|
33 |
1302.0 |
1326.1 |
63 |
769.4 |
860.2 |
|
34 |
1289.5 |
1326.1 |
64 |
746.7 |
837.8 |
|
35 |
1276.6 |
1326.1 |
65 |
723.9 |
815.0 |
|
36 |
1263.4 |
1323.6 |
66 |
701.0 |
791.8 |
|
37 |
1249.8 |
1311.1 |
67 |
677.9 |
768.2 |
|
38 |
1235.8 |
1298.2 |
68 |
654.8 |
744.3 |
|
39 |
1221.5 |
1285.1 |
69 |
631.5 |
720.1 |
|
40 |
1206.8 |
1271.6 |
70 |
608.1 |
695.6 |
|
41 |
1191.7 |
1257.7 |
71 |
584.6 |
670.8 |
|
42 |
1176.3 |
1243.6 |
72 |
560.0 |
645.9 |
|
43 |
1160.6 |
1229.1 |
73 |
537.3 |
620.9 |
|
44 |
1144.4 |
1214.2 |
74 |
513.7 |
595.7 |
|
45 |
1127.9 |
1199.0 |
75 |
490.4 |
570.6 |
|
46 |
1111.0 |
1183.4 |
76 |
467.6 |
545.4 |
|
47 |
1093.7 |
1167.5 |
77 |
445.2 |
520.3 |
|
48 |
1076.1 |
1151.2 |
78 |
423.2 |
495.3 |
|
49 |
1058.1 |
1134.6 |
79 |
401.7 |
470.4 |
|
50 |
1039.8 |
1117.6 |
80 |
380.7 |
445.9 |
|
51 |
1021.1 |
1100.3 |
81 |
360.3 |
421.7 |
|
52 |
1002.0 |
1082.4 |
82 |
340.4 |
397.9 |
|
53 |
982.5 |
1064.2 |
83 |
321.2 |
374.8 |
|
54 |
962.7 |
1045.5 |
84 |
302.7 |
352.4 |
|
55 |
942.5 |
1026.5 |
85 |
285.1 |
330.7 |
|
56 |
922.0 |
1007.0 |
86 |
268.3 |
310.0 |
|
57 |
901.1 |
987.2 |
87 |
252.5 |
290.3 |
|
58 |
879.8 |
966.9 |
88 |
237.7 |
271.6 |
|
59 |
858.2 |
946.3 |
89 |
224.1 |
254.0 |
|
60 |
836.4 |
925.3 |
90 and above |
211.6 |
237.7 |
Example: A male aged 38 next birthday would be entitled to a lump sum of:
- 1235.8 x the weekly amount of permanent impairment compensation payable.
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