Benefit Rates

Earnings Classes

View or download new rates here.

Impact on value of Contributions Already Paid

If you are wondering what is the impact on the contributions you have already paid, then, to put it simply, the cash value of all of those contributions is adjusted to the present day value.

For example, contributions paid in Class VIII in 1972 were worth $7.35 then. Based on the current Actuarial Review those contribution now relate to the new earnings Class I which is valued at $18.24 in 2012, when the final contribution rate adjustment will take place.

A broad look at how the Earnings Classes have been converted can be seen below:

After Jan 7, 2008	Earnings Class Prior to Aug 11, 1980	Earnings Class from Aug 11, 1980 to May 2, 1999	Earnings Class from May 3, 1999 to after Jan 04, 2010	(Joint Weekly) Contribution Value After Jan 7, 2008	(Joint Weekly) Contribution Value After Jan 4, 2010	(Joint Weekly) Contribution Value After Jan 2, 2012
Class I	Classes I - VI	Classes I - VI	Class I	16.80	17.28	18.24
Class II	Class VII	Class V	Class II	24.68	25.38	26.79
Class III	Class VIII	Class VI	Class III	33.08	34.02	35.91
Class IV		Class VII	Class IV	42.53	43.74	46.17
Class V		Class VIII	Class V	52.50	54.00	57.00
Class VI			Class VI	63.53	65.34	68.97
Class VII			Class VII	75.08	77.22	81.51
Class VIII			Class VIII	86.53	89.10	94.05
Class IX			Class IX	99.23	102.06	107.73
Class X			Class X	112.35	115.56	121.98
Class XI			Class XI	125.48	129.06	136.23
XII			Class XII	139.65	143.64	151.62
Class XIII				154.88	159.30	168.15
Class XIV				171.68	176.58	186.39
Class XV				190.84	196.29	207.20
Class XVI				201.08	206.82	218.31