Section 4: Calculation of Contributory Retirement Pension under section 20 (3), (4), (6)

4. Calculation of Contributory Retirement Pension under section 20 (3), (4), (6) and (8A) (1) Subject to paragraph 3, and subparagraph (2), the contributory retirement pension shall be the appropriate pension points at paragraph 2 multiplied by the value in rupees of one pension point. [Issue 7] N21 – 46 Revised Laws of Mauritius EIGHTH SCHEDULE—continued (2) The amount of actuarially calculated contributory retirement pension payable shall be the amount calculated under subparagraph (1) reduced by the Early Retirement Reduction Factor calculated under paragraph 3 and multiplied by an actuarial factor specified in Table I. Table I – Actuarial reduction factor Age in completed years at the date Factor of entitlement 45 0.40 46 0.44 47 0.48 48 0.52 49 0.56 50 0.60 51 0.64 52 0.68 53 0.72 54 0.76 55 0.80 56 0.84 57 0.88 58 0.92 59 0.96 [Eighth Sch. amended by s. 35 (8) (i) of Act 20 of 2001 w.e.f. 1 August 2001; GN 85 of 2002; s. 4 (b) of Act 31 of 2003; s. 15 (5) (d) of Act 3 of 2007 w.e.f. 1 July 2006; s. 22 (m) of Act 18 of 2008 w.e.f. 1 July 2008; s. 13 (1) (b) of Act 5 of 2014 w.e.f. 11 September 2012.] NINTH SCHEDULE [Section 2] PHASING IN OF RETIREMENT AGE The retirement age of a person in respect of his date of birth shown in column 1 shall be the corresponding age specified in column 2. COLUMN 1 COLUMN 2 COLUMN 3 MONTH AND YEAR OF RETIREMENT AGE MONTH AND YEAR OF BIRTH RETIREMENT DATE MONTH YEAR MONTH YEAR AUGUST 1948 60 years + 1 month SEPTEMBER 2008 SEPTEMBER 1948 60 years + 2 months NOVEMBER 2008 N21 – 47 [Issue 7] National Pensions Act NINTH SCHEDULE—continued COLUMN 1 COLUMN 2 COLUMN 3 MONTH AND YEAR OF RETIREMENT AGE MONTH AND YEAR OF BIRTH RETIREMENT DATE MONTH YEAR MONTH YEAR OCTOBER 1948 60 years + 3 months JANUARY 2009 NOVEMBER 1948 60 years + 4 months MARCH 2009 DECEMBER 1948 60 years + 5 months MAY 2009 JANUARY 1949 60 years + 6 months JULY 2009 FEBRUARY 1949 60 years + 7 months SEPTEMBER 2009 MARCH 1949 60 years + 8 months NOVEMBER 2009 APRIL 1949 60 years + 9 months JANUARY 2010 MAY 1949 60 years + 10 months MARCH 2010 JUNE 1949 60 years + 11 months MAY 2010 JULY 1949 61 years JULY 2010 AUGUST 1949 61 years + 1 month SEPTEMBER 2010 SEPTEMBER 1949 61 years + 2 months NOVEMBER 2010 OCTOBER 1949 61 years + 3 months JANUARY 2011 NOVEMBER 1949 61 years + 4 months MARCH 2011 DECEMBER 1949 61 years + 5 months MAY 2011 JANUARY 1950 61 years + 6 months JULY 2011 FEBRUARY 1950 61 years+7 months SEPTEMBER 2011 MARCH 1950 61 years + 8 months NOVEMBER 2011 APRIL 1950 61 years + 9 months JANUARY 2012 MAY 1950 61 years + 10 months MARCH 2012 [Issue 7] N21 – 48 Revised Laws of Mauritius NINTH SCHEDULE—continued COLUMN 1 COLUMN 2 COLUMN 3 MONTH AND YEAR OF RETIREMENT AGE MONTH AND YEAR OF BIRTH RETIREMENT DATE MONTH YEAR MONTH YEAR JUNE 1950 61 years + 11 months MAY 2012 JULY 1950 62 years JULY 2012 AUGUST 1950 62 years + 1 month SEPTEMBER 2012 SEPTEMBER 1950 62 years + 2 months NOVEMBER 2012 OCTOBER 1950 62 years + 3 months JANUARY 2013 NOVEMBER 1950 62 years + 4 months MARCH 2013 DECEMBER 1950 62 years + 5 months MAY 2013 JANUARY 1951 62 years + 6 months JULY 2013 FEBRUARY 1951 62 years + 7 months SEPTEMBER 2013 MARCH 1951 62 years + 8 months NOVEMBER 2013 APRIL 1951 62 years + 9 months JANUARY 2014 MAY 1951 62 years + 10 months MARCH 2014 JUNE 1951 62 years + 11 months MAY 2014 JULY 1951 63 years JULY 2014 AUGUST 1951 63 years + 1 month SEPTEMBER 2014 SEPTEMBER 1951 63 years + 2 months NOVEMBER 2014 OCTOBER 1951 63 years + 3 month BER 1950 62 years + 4 months MARCH 2013 DECEMBER 1950 62 years + 5 months MAY 2013 JANUARY 1951 62 years + 6 months JULY 2013 FEBRUARY 1951 62 years + 7 months SEPTEMBER 2013 MARCH 1951 62 years + 8 months NOVEMBER 2013 APRIL 1951 62 years + 9 months JANUARY 2014 MAY 1951 62 years + 10 months MARCH 2014 JUNE 1951 62 years + 11 months MAY 2014 JULY 1951 63 years JULY 2014 AUGUST 1951 63 years + 1 month SEPTEMBER 2014 SEPTEMBER 1951 63 years + 2 months NOVEMBER 2014 OCTOBER 1951 63 years + 3 months JANUARY 2015 NOVEMBER 1951 63 years + 4 months MARCH 2015 DECEMBER 1951 63 years + 5 months MAY 2015 JANUARY 1952 63 years + 6 months JULY 2015 FEBRUARY 1952 63 years + 7 months SEPTEMBER 2015 MARCH 1952 63 years + 8 months NOVEMBER 2015 N21 – 49 [Issue 2] National Pensions Act NINTH SCHEDULE—continued COLUMN 1 COLUMN 2 COLUMN 3 MONTH AND YEAR OF RETIREMENT AGE MONTH AND YEAR OF BIRTH RETIREMENT DATE MONTH YEAR MONTH YEAR APRIL 1952 63 years + 9 months JANUARY 2016 MAY 1952 63 years + 10 months MARCH 2016 JUNE 1952 63 years+11 months MAY 2016 JULY 1952 64 years JULY 2016 AUGUST 1952 64 years + 1 month SEPTEMBER 2016 SEPTEMBER 1952 64 years + 2 months NOVEMBER 2016 OCTOBER 1952 64 years + 3 months JANUARY 2017 NOVEMBER 1952 64 years + 4 months MARCH 2017 DECEMBER 1953 64 years + 5 months MAY 2017 JANUARY 1953 64 years + 6 months JULY 2017 FEBRUARY 1953 64 years + 7 months SEPTEMBER 2017 MARCH 1953 64 years + 8 months NOVEMBER 2017 APRIL 1953 64 years + 9 months JANUARY 2018 MAY 1953 64 years + 10 months MARCH 2018 JUNE 1953 64 years + 11 months MAY 2018 JULY 1953 65 years JULY 2018 AUGUST 1953 and after On reaching 65 years [Ninth Sch. added by s. 22 (n) of Act 18 of 2008 w.e.f. 1 July 2008.] [Issue 2] N21 – 50