Annex A
Forecast of Pension Expenditure for the years 1992/93 to 2006/07
Higher Commutation of Pension
50% Commutation
75% Commutation
Year
Pension Gratuity
Total
Pension Gratuity Total
SM
SM
SM
SM
SM
SM
1992/93
1,484
1,491
2,975
1,456
.2,031
3,487
1993/94
1,624
1,730
3,354
1,537
2,422
3,959
1994/95
1,755
2,106
3,861
1,614
2,977
4,591
1995/96
1,880
2,088
3,968
1,582
2,948
4,630
1996/97
2,005
2,234
4,239
1,749
3,168
4,917
1997/98
2,137
2,371
4,508
1,820
3,369
5,189
1998/99
2,268
2,322
4,590
1,889
3,301
5,190
1999/2000
2,406
2,613
5,019
1,963
3,728
5,691
2000/01
2,530
2,693
5,223
2,025
3,842
5,867
2001/02
2,654
2,698
5,352
2,087
3,842
5,929
2002/03
2,796
3,229
6,025
2,162
4,613
6,775
2003/04
2,962
3,39,8
6,360
2,252
4,859
7,111
•
2004/05
3,143
3,808
6,951
2,349
5,470
7,819
2005/06
3,339
4,033
7,372
2,455
5,805
8,260
2006/07
3,546
4,284
7,830
2,565
6,177
8,742