When the entire pension is paid in a lump sum, the amount may represent a payment
for a specific period of time or a “lifetime.” Generally, the pension-paying agency
will prorate the lump sum to determine a monthly amount for WEP purposes.
If the agency will not provide this information, prorate the lump sum to determine
the monthly pension amount as follows:
-
a.
Specific Period - Divide the lump sum by the number of months in the period specified
by the pension-paying agency.
-
b.
Lifetime or Unspecified Period - Divide the pension lump sum amount by the appropriate
actuarial value in the table that corresponds to the worker’s age on the date of the
lump sum award.
Table of Actuarial Values
Age on the Lump Sum Award Date (years)
|
Actuarial Value Lump Sum Award Date
06/01/2021 or Later
|
Actuarial Value Lump Sum Award Date 6/1/2016 through 05/31/2021
|
Actuarial Value Lump Sum Award Date 6/1/2011 through 05/31/2016
|
Actuarial Value Lump Sum Award Date 6/1/2007 through 05/31/2011
|
Actuarial Value Lump Sum Award Date 5/31/2007 or Earlier
|
40 or under
|
308.3
|
278.1
|
183.1
|
179.7
|
172.7
|
41
|
303.9
|
274.5
|
181.7
|
178.3
|
171.1
|
42
|
299.3
|
270.7
|
180.2
|
176.8
|
169.3
|
43
|
294.7
|
266.9
|
178.6
|
175.2
|
167.6
|
44
|
290.0
|
263.1
|
177.1
|
173.6
|
165.7
|
45
|
285.3
|
259.2
|
175.4
|
172.0
|
163.8
|
46
|
280.5
|
255.2
|
173.7
|
170.2
|
161.8
|
47
|
275.6
|
251.1
|
171.9
|
168.4
|
159.7
|
48
|
270.6
|
247.1
|
170.1
|
166.6
|
157.6
|
49
|
265.6
|
242.9
|
168.2
|
164.7
|
155.4
|
50
|
260.6
|
238.7
|
166.3
|
162.7
|
153.2
|
51
|
255.5
|
234.4
|
164.3
|
160.6
|
150.8
|
52
|
250.3
|
230.1
|
162.2
|
158.4
|
148.4
|
53
|
245.2
|
225.8
|
160.1
|
156.2
|
146.0
|
54
|
239.9
|
221.3
|
157.9
|
153.9
|
143.5
|
55
|
234.7
|
216.8
|
155.6
|
151.5
|
140.9
|
56
|
229.4
|
212.3
|
153.2
|
149.0
|
138.3
|
57
|
224.1
|
207.7
|
150.7
|
146.5
|
135.6
|
58
|
218.8
|
203.0
|
148.2
|
143.9
|
132.8
|
59
|
213.4
|
198.3
|
145.5
|
141.2
|
130.0
|
60
|
208.0
|
193.5
|
142.8
|
138.4
|
127.2
|
61
|
202.5
|
188.6
|
140.1
|
135.6
|
124.2
|
62
|
197.0
|
183.6
|
137.3
|
132.8
|
121.3
|
63
|
191.5
|
178.6
|
134.4
|
129.8
|
118.2
|
64
|
185.9
|
173.5
|
131.4
|
126.8
|
115.2
|
65
|
180.3
|
168.4
|
128.4
|
123.8
|
112.1
|
66
|
174.6
|
163.2
|
125.3
|
120.7
|
109.1
|
67
|
168.9
|
158.0
|
122.1
|
117.5
|
106.0
|
68
|
163.1
|
152.8
|
118.8
|
114.4
|
102.9
|
69
|
157.4
|
147.6
|
115.5
|
111.1
|
99.8
|
70
|
151.6
|
142.4
|
112.2
|
107.8
|
96.7
|
71
|
145.8
|
137.1
|
108.7
|
104.5
|
93.5
|
72
|
140.0
|
131.9
|
105.3
|
101.2
|
90.4
|
73
|
134.2
|
126.7
|
101.8
|
97.8
|
87.2
|
74
|
128.5
|
121.5
|
98.3
|
94.4
|
84.0
|
75
|
122.8
|
116.3
|
94.8
|
91.0
|
80.9
|
76
|
117.1
|
111.1
|
91.2
|
87.5
|
77.7
|
77
|
111.5
|
106.0
|
87.6
|
84.0
|
74.6
|
78
|
106.0
|
101.0
|
84.0
|
80.5
|
71.6
|
79
|
100.6
|
96.0
|
80.4
|
77.1
|
68.6
|
80 or older
|
95.3
|
91.1
|
76.8
|
73.6
|
65.6
|