TABLE OF RATES. TABLE A - GUARANTEED MONTHLY PAYMENTS FOR PERIOD CERTAIN FOR EACH $1,000 OF ACCOUNT VALUE Payment Period (Years) Amount of Each Monthly Payment 5 $ 17.49 6 14.72 7 12.74 8 11.25 9 10.10 10 9.18 11 8.42 12 7.80 13 7.26 14 6.81 15 6.42 16 6.07 17 5.77 18 5.50 19 5.26 20 5.04 TABLE B - PURCHASE RATES Amount necessary to purchase $1 of monthly income Age Non-Refund Life Annuity 10 Year Period Certain and Continuous Annuity 55 $ 263.21 $ 265.32 56 257.06 259.47 57 250.86 253.60 58 244.63 247.74 59 238.38 241.89 60 232.11 236.06 61 225.83 230.26 62 219.57 224.49 63 213.31 218.76 64 207.10 213.08 65 200.93 207.45 66 194.81 201.89 67 188.73 196.37 68 182.67 190.91 69 176.60 185.49 70 170.51 180.13 71 164.37 174.83 72 158.20 169.62 73 152.04 164.53 74 145.87 159.57 75 139.72 154.75 TABLE C - MONTHLY AMOUNT PURCHASED PER $1,000 OF ACCOUNT VALUE Age Non-Refund Life Annuity 10 Year Period Certain and Continuous Annuity 55 $ 3.80 $ 3.77 56 3.89 3.85 57 3.99 3.94 58 4.09 4.04 59 4.19 4.13 60 4.31 4.24 61 4.43 4.34 62 4.55 4.45 63 4.69 4.57 64 4.83 4.69 65 4.98 4.82 66 5.13 4.95 67 5.30 5.09 68 5.47 5.24 69 5.66 5.39 70 5.86 5.55 71 6.08 5.72 72 6.32 5.90 73 6.58 6.08 74 6.86 6.27 75 7.16 6.46 The rates set forth in Table B and Table C above are based on mortality according to the “GAM01 Table”, with 2% interest and no loading. The GAM01 Table was developed by projecting, according to Projection Scale AA, the mortality rates of the 1994 Group Annuity Reserving Table to 2001, with additional projection of one year for each year that the age exceeds 65. Male and female mortality rates were projected separately, and the resulting projected tables were blended using 2/3 of the female mortality rate and 1/3 of the male mortality rate at each age to produce the GAM01 Table. A person’s age for the purpose of the foregoing tables shall be such person’s age at their last birthday before payments under the annuity benefit are to begin to such person, plus the fraction of a year corresponding to the number of completed months from such birthday to the date such payments begin. Amounts required for ages not shown and for other forms of annuity shall be calculated by the Company on the same actuarial assumptions and shall be furnished upon request.
TABLE OF RATES. A. RATE TABLE Maximum Monthly Rates per Required Additional Death Age/1/ $1,000 of Net Amount at Risk/2/ Benefit Factor ---------------------------------------------------------------------------- 66 1.971 1.6605 67 2.180 1.6211 68 2.406 1.5835 69 2.653 1.5477 70 2.932 1.5136 71 3.301 1.4811 72 3.617 1.4507 73 4.041 1.4216 74 4.520 1.3943 75 5.037 1.3688 76 5.590 1.3449 77 6.175 1.3225 78 6.786 1.3014 79 7.440 1.2815 80 8.162 1.2626 81 8.973 1.2447 82 9.898 1.2277 83 10.952 1.2118 84 12.118 1.1971 85 13.374 1.1835 86 14.698 1.1709 87 16.081 1.1593 88 17.496 1.1484 89 18.966 1.1381 90 20.512 1.1282 91 22.165 1.1183 92 23.987 1.1084 93 26.066 1.0980 94 28.784 1.0869 95 32.817 1.0748 96 39.642 1.0616 97 53.066 1.0476 98 83.333 1.0334 99 83.333 1.0198 100+ 0.000 1.0000
TABLE OF RATES. From August 28, 2023 From April 1, 2024 From August 28, 2024 Registered Nurse/Anaesthtic Technician: Year 1 $73,566.00 $35.37 $75,773.00 $36.43 $78,046.19 $37.52 Year 2 $79,304.00 $38.12 $81,683.00 $39.27 $84,133.49 $40.45 Year 3 $83,999.00 $40.38 $86,519.00 $41.60 $89,114.57 $42.84 Year 4 $88,523.00 $42.56 $91,179.00 $43.84 $93,914.37 $45.15 Year 5 $97,912.00 $47.07 $100,849.00 $48.49 $103,874.47 $49.94 Year 6 $100,728.00 $48.43 $103,750.00 $49.88 $106,862.50 $51.38 Year 7 $103,360.00 $49.69 $106,739.00 $51.32 $109,941.17 $52.86 Enrolled Nurse: 1st Year $67,898.00 $32.64 $69,934.00 $33.62 $72,032.02 $34.63 2nd Year $70,859.00 $34.07 $72,985.00 $35.09 $75,174.55 $36.14 3rd Year $76,095.00 $36.58 $78,378.00 $37.68 $80,729.34 $38.81 4th Year $78,509.00 $37.74 $80,864.00 $38.88 $83,289.92 $40.04 5+ years $80,921.00 $38.90 $83,349.00 $40.07 $85,849.47 $41.27 Healthcare Assistant: Step 1 $51,927.10 $24.96 $51,927.10 $24.96 $53,484.91 $26.00 Step 2 $53,144.52 $25.55 $53,144.52 $25.55 $54,738.86 $26.60 Step 3 $54,318.06 $26.11 $54,318.06 $26.11 $55,947.60 $27.20 Step 4* (Competency/performance criteria must be met) $55,426.80 $26.65 $55,426.80 $26.65 $57,089.60 $28.00 Senior Nursing Staff: (min rate only) Coordinators: Step 1 - minimum rate $107,000.00 $51.44 $111,815.00 $53.76 $115,169.45 $55.37 Step 2- minimum rate $112,000.00 $53.85 $117,040.00 $56.27 $120,551.20 $57.96 Clinical support: CNE/CNC $104,131.00 $50.06 $107,255.00 $51.56 $110,472.65 $53.11 IPC $106,500.00 $51.20 $111,292.50 $53.51 $114,631.28 $55.11 CRN $109,000.00 $52.40 $113,905.00 $54.76 $117,322.15 $56.40 CSSD: Trainee $52,500.00 $25.24 $52,500.00 $25.24 $54,641.60 $26.27 Step 1 $59,842.00 $28.77 $59,842.00 $28.77 $61,636.85 $29.63 Step 2 $62,833.00 $30.21 $62,833.00 $30.21 $64,708.80 $31.11 Step 3 $65,975.00 $31.72 $65,975.00 $31.72 $67,974.40 $32.68 Step 4**(Competency/performance criteria must be met) $69275.00 $33.31 $69275.00 $33.31 $71363.35 $34.31 *Step 4 is a competency based step and to be eligible for the progression to step 4 the employee should:
TABLE OF RATES. Term Meaning Current Rates The allowance rates that applies as at 13 June 2023 under the Blowflex Mouldings Pty Ltd & United Voice (Western Australia) Enterprise Agreement 2019-2023 Year 1 Rates The allowance rates that apply from the FFPP after this Agreement comes into operation, which are calculated on the basis of a 4.0% increase to the Current Rates Year 2 Rates The allowance rates that apply from the FFPP after 14 June 2024, which are calculated on the basis of a 3.5% increase to the Year 1 Rates Year 3 Rates The allowance rates that apply from the FFPP after 14 June 2025, which are calculated on the basis of a 3.5% increase to the Year 2 Rates
TABLE OF RATES. Annualised Wage Classification Current Rates (per annum) Year 1 Rates (per annum) Year 2 Rates (per annum) Year 3 Rates (per annum) Grade 1 - Process Worker $73,027.76 $75,948.87 $78,607.08 $81,358.33 Grade 2 - Process Worker $74,703.20 $77,691.33 $80,410.53 $83,224.90 Grade 3 - Process Worker $76,351.60 $79,405.66 $82,184.86 $85,061.33 Grade 3 – Machine Operator $113,501.44 $118,041.50 $122,172.95 $126,449.00 Grade 4 – Machine Operator $116,907.96 $121,584.28 $125,839.73 $130,244.12 Grade 5 – Machine Operator $120,343.08 $125,156.80 $129,537.29 $134,071.10 Grade 6 – Machine Operator $127,911.68 $133,028.15 $137,684.14 $142,503.08
TABLE OF RATES. Annualised Salary Classification Current Rates (per annum) Year 1 Rates (per annum) Year 2 Rates (per annum) Year 3 Rates (per annum) Year 4 Rates (per annum) Level 1 – Manufacturing and Distribution $75,405 $78,421.20 $81,362.00 $84,006.27 $86,526.46 Level 2 – Manufacturing and Distribution $76,912 $79,988.48 $82,988.05 $85,685.16 $88,255.71 Level 3 – Manufacturing and Distribution $78,421 $81,557.84 $84,616.26 $87,366.29 $89,987.28 Level 4 – Manufacturing and Distribution $81,559 $84,821.36 $88,002.16 $90,862.23 $93,588.10 Level 5 – Manufacturing and Distribution $84,820 $88,212.80 $91,520.78 $94,495.21 $97,330.07
TABLE OF RATES. Casual Loaded Rate The following rates of pay include a 23% casual loading in lieu of permanent conditions and all allowances: All Classification Levels Current Rates (per hour) Year 1 Rates (per hour) Year 2 Rates (per hour) Year 3 Rates (per hour) Year 4 Rates (per hour) New Team Member $30.51 $31.73 $32.92 $33.99 $35.01
TABLE OF RATES. TABLE A - GUARANTEED MONTHLY PAYMENTS FOR PERIOD CERTAIN FOR EACH $1,000 OF ACCOUNT VALUE ------------------------------------------------------------------------------------------------------------- PAYMENT PERIOD AMOUNT OF PAYMENT PERIOD AMOUNT OF EACH PAYMENT AMOUNT OF (YEARS) EACH (YEARS) MONTHLY PERIOD EACH MONTHLY PAYMENT (YEARS) MONTHLY PAYMENT PAYMENT -------------------------------------------------------------------------------------------------------------
TABLE OF RATES. The Amount Of Monthly Annuity Payable On The Life Annuity Form Provided By $1,000 Of A Participant’s Account Balance Age Monthly Annuity 55 $ 4.37 56 4.46 57 4.55 58 4.65 59 4.76 60 4.88 61 5.00 62 5.13 63 5.27 64 5.42 65 5.58 66 5.76 67 5.94 68 6.14 69 6.36 70 6.58 71 6.83 72 7.09 73 7.36 74 7.65
TABLE OF RATES. The following table shows the amount of monthly annuity benefit provided by each $1,000 of Accumulation Value at the age of the payee on the date payments begin. Certain Period And Continuous Annuity Joint and Survivor Annuity 66 2/3% Benefit to Joint Annuitant 10 YEARS 15 YEARS Ages of Annuitant and Joint Annuitant on the Annuity Commencement Date Amount of Monthly Amount of Monthly Age Amount of Monthly Annuity Amount of Monthly Annuity Age of Annuitant Age of Joint Annuitant Xxxxxxx at Age 65 of Annuitant Xxxxxxx to Joint Annuitant 59 $ 4.59 $ 4.49 65 59 $ 4.57 $ 3.04 60 4.70 4.57 65 60 4.61 3.07 61 4.80 4.66 65 61 4.65 3.10 62 4.92 4.76 65 62 4.70 3.13 63 5.04 4.85 65 63 4.74 3.16 64 5.16 4.95 65 64 4.78 3.19 65 5.29 5.04 65 65 4.82 3.22 66 5.43 5.15 65 66 4.87 3.24 67 5.57 5.25 65 67 4.91 3.27 68 5.72 5.35 65 68 4.94 3.30 69 5.87 5.45 65 69 4.98 3.32 70 6.03 5.55 65 70 5.02 3.35 71 6.20 5.65 65 71 5.05 3.37 72 6.36 5.74 73 6.53 5.83 74 6.71 5.92 75 6.88 6.00 Full Cash Refund Annuity Age Amount of Monthly Annuity 59 $ 4.30 60 4.38 61 4.46 62 4.54 63 4.63 64 $ 4.72 65 4.82 66 4.92 67 5.03 68 5.14 69 $ 5.25 70 5.38 71 5.51 72 5.63 73 5.77 74 $ 5.92 75 6.06 76 6.22 77 6.39 78 6.54 The amount of monthly annuity benefit provided by these tables is based on the guaranteed interest rate of 3% per year. If a higher amount of interest is declared by the Company, the amount of each monthly annuity benefit will be increased. The Company will calculate amounts for ages and other forms of annuities not shown. These calculations will be based on the same actuarial assumptions. Such information will be furnished upon request. MUTUAL OF AMERICA LIFE INSURANCE COMPANY 000 XXXX XXXXXX XXX XXXX XX 00000-0000 · 000 000 0000 (hereafter called the “Company”) Individual Retirement Annuity Contract 3814-IRA is hereby amended, effective as of its Date of Issue, as follows:
