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%CO:A,69,70%%C%%H1%** Pension & Redundancy Calculator - PENCALC.BAS  v1.00 **


This program is available to run on the Z88 and Atari ST Computers. 

%JR%It permits the calculation of pension and lump sum payments. 
%JL%Primarily, it was designed for teachers under the Department of 
%JR%Education and Science's scheme. But I think the principles apply to a 
number of occupational pension schemes.

In addition it will:

%JR% a) Calculate early retirement with enhancements of 6 2/3 or 10 years 
added service.
%JL% b) Calculate early retirement with enhancements of 6 2/3 or 10 years 
%JR%added service plus a redundancy payment under the state scheme (but 
%JL%WITHOUT the weekly pay limit), with appropriate abatement of lump sum 
%JR%and pension. It also reduces redundancy where employee is over 64 
years of age.
 c) Calculate ill-health retirement with appropriate enhancement.
 d) Do all the above calculations for part-timers.
%JL% e) Deal with pre October 1956 service and allow the addition of 8 
days service lost under the Teachers' Scheme.
%JR%f) Permit pro-rata enhancement calculations for early retirement 
%JL%where, for instance, service requirements of your scheme have not 
been met.

%JR%The program requests the minimum information needed. It calculates 
%JL%average salary, periods of service, pensions, lump sums and 
%JR%redundancy pay on the basis of continuous service. And it carries out 
some basic checks on the validity of information provided.

How to use the program:

1. Load from EPROM.

2. RUN

3. Information about the employee is then requested.

%JL%4. The final calculations are displayed on the screen and may be sent 
to a printer (Epson compatible, using A4 paper).

%JR%5. You may then start a new calculation for the same or a different 
employee.

%JL%This  is NOT a PUBLIC DOMAIN program and is not for commercial 
%JR%resale. Neither the author nor the supplier will accept any liability 
for the performance or suitability of the software.

%JL%Like all programs it can be improved and the Author will welcome 
constructive advice and criticism. Please write to:

Paul Goodings,
133, Lache Lane,
CHESTER,
CHESHIRE.
CH4 7LU
UK
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