Part 5018 - Actuarial Assumptions

Part 5018.3b2 -

(2) In calculating option factors for regular annuities, additional annuities and pensions, the interest rate of four percent shall be used in conjunction with the following tables:

1. For male annuitants who joined prior to July 1, 1976, use appropriate table set forth in paragraph (1) of this subdivision, depending upon the annuitant's date of membership.
   
   

2. For female annuitants who joined prior to July 1, 1976, use appropriate table set forth in paragraph (1) of this subdivision, depending upon the annuitant's date of membership. 
    

3. For male members who join on or after July 1, 1976
   
   

4. For female members who join on or after July 1, 1976
   
   

5. For male beneficiaries of members who joined prior to July 1, 1961
   
   

6. For female beneficiaries of members who joined prior to July 1, 1961
   
   

7. For male beneficiaries of members who joined on or after July 1, 1961, but prior to July 1, 1976
   
   

8. For female beneficiaries of members who joined on or after July 1, 1961, but prior to July 1, 1976
   
   

9. For male beneficiaries of members who join on or after July 1, 1976
   
   

10. For female beneficiaries of members who join on or after July 1, 1976

(Statutory authority: Education Law §§501 [subd. 9(b), (c)], 508 [subd. 4], 517)