Surcharge

Surcharge reduction factors

Age in completed years at start date of pension

Pension Reduction Factor

70

15.5

69

16.1

68

16.6

67

17.2

66

17.7

65

18.3

64

18.8

63

19.3

62

19.8

61

20.4

60

20.9

59

21.4

58

21.9

57

22.3

56

22.8

55

23.3

54

23.6

53

23.7

52

23.8

51

23.9

50

24.0

49

24.1

48

24.2

47

24.3

46

24.4

45

24.5

44

24.6

43

24.6

42

24.7

41

24.8

40

24.9

39

24.9

38

25.0

37

25.1

36

25.1

35

25.2

34

25.2

33

25.3

32

25.3

31

25.4

30

25.4

29

25.4

28

25.5

27

25.5

26

25.5

25

25.6

24

25.6

23

25.6

22

25.7

21

25.7

20

25.7

19

25.7

18

25.8

17

25.8

16

25.8

15

25.8