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 tax year and any future tax years in the period ending 5 April 2012.111