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contracting out comparison

    67a description of:

      1. (a) the benefits that minimum contributions would secure if a retail client did not contract out of the State Second Pension; and
      1. (b) the material differences between the anticipated position if a retail client remains contracted into the State Second Pension and the anticipated position if that client contracts out;

    which is calculated to the client's state retirement age using the lower and higher rates of return and aggregate contributions for the current and the next two tax years.