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.