Part 5018 - Actuarial Assumptions

Part 5018.4c2

(2) To calculate cash refund annuities in lieu of a return of contributions and/or a lump sum death benefit, convert straight life annuities by an option factor based on a four percent interest rate, and the following table:

Age	Qx value		Age	Qx value		Age	Qx value
10	0.00354		43	0.00540		76	0.04332
11	0.00355		44	0.00558		77	0.04709
12	0.00356		45	0.00579		78	0.05119
13	0.00357		46	0.00602		79	0.05567
14	0.00358		47	0.00626		80	0.06056
15	0.00360		48	0.00653		81	0.06588
16	0.00361		49	0.00683		82	0.07169
17	0.00363		50	0.00715		83	0.07802
18	0.00364		51	0.00752		84	0.08490
19	0.00366		52	0.00791		85	0.09238
20	0.00368		53	0.00834		86	0.10053
21	0.00371		54	0.00881		87	0.10935
22	0.00373		55	0.00932		88	0.11894
23	0.00376		56	0.00988		89	0.12933
24	0.00379		57	0.01050		90	0.14058
25	0.00382		58	0.01117		91	0.15273
26	0.00386		59	0.01192		92	0.16585
27	0.00390		60	0.01274		93	0.18002
28	0.00394		61	0.01362		94	0.19525
29	0.00399		62	0.01460		95	0.21162
30	0.00404		63	0.01567		96	0.22917
31	0.00410		64	0.01684		97	0.24799
32	0.00415		65	0.01812		98	0.26802
33	0.00423		66	0.01953		99	0.28939
34	0.00430		67	0.02107		100	0.31206
35	0.00438		68	0.02274		101	0.33615
36	0.00447		69	0.02458		102	0.36145
37	0.00457		70	0.02660		103	0.38812
38	0.00468		71	0.02880		104	0.41584
39	0.00480		72	0.03122		105	0.44546
40	0.00493		73	0.03385		106	0.47476
41	0.00507		74	0.03674		107	0.50722
42	0.00523		75	0.03988		108	0.54191
						109	0.58333
						110	0.55173
						111	0.70000

 

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