Past service benefit calculation under the ceased family pension scheme uses a graded service-based multiplier table. The Employees' Pension Scheme, 2026 prescribes a graded factor for computing past service benefit under the ceased family pension scheme for existing members on exit from employment. The applicable multiplier increases with years of service, beginning at 1.039 for less than one year and rising through successive service bands up to less than 42 years, where the factor reaches 24.38586. The table functions as the service-based computation scale for the past service component.
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Provisions expressly mentioned in the judgment/order text.
Past service benefit calculation under the ceased family pension scheme uses a graded service-based multiplier table.
The Employees' Pension Scheme, 2026 prescribes a graded factor for computing past service benefit under the ceased family pension scheme for existing members on exit from employment. The applicable multiplier increases with years of service, beginning at 1.039 for less than one year and rising through successive service bands up to less than 42 years, where the factor reaches 24.38586. The table functions as the service-based computation scale for the past service component.
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