Age and Service Point Band Formula Sample Clauses

Age and Service Point Band Formula. Enter the starting allocation rate in the first blank, and the allocation rates for each age and service point band in the thirteen (13) following blanks. The schedule of allocation rates must have regular intervals such that each band, other than the first band and the band associated with the highest sum of age and Years of Service, is the same length. The allocation rate for each band must be greater than the allocation rate for the immediately preceding band [i.e., the band with the next lower sum of age and years of Service) but by no more than five (5) percentage points]. However, the ratio of the allocation rate for any band to the rate for the immediately preceding band must not exceed 2.0 and also must not exceed the ratio of allocation rates between the two (2) immediately preceding bands. First age and service band: Age and Service point bands commence with the sum of age and Service of less than twenty-five (25) as the first allocation band with an allocation rate of %. Subsequent Allocation Rate Bands are as follows: At least 25 but less than 30 with an allocation rate of %, At least 30 but less than 35 with an allocation rate of %, At least 35 but less than 40 with an allocation rate of %, At least 40 but less than 45 with an allocation rate of %, At least 45 but less than 50 with an allocation rate of %, At least 50 but less than 55 with an allocation rate of %, At least 55 but less than 60 with an allocation rate of %, At least 60 but less than 65 with an allocation rate of %, At least 65 but less than 70 with an allocation rate of %, At least 70 but less than 75 with an allocation rate of %, At least 75 but less than 80 with an allocation rate of %, At least 85 with an allocation rate of %.
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