In Reply to: Re: Impact of new PIP increase policy posted by Maurice on 09 February 2006 at 10:16:04:
Bryan,
we get different answers for the first 5 years, so here are my results for those 60 months, for you to review. I start the clock on both Old (= 70% RPI, every 15mo) and New (= new rules, every 12 mo) in Apr 06, after the first "New" rise. Maybe that is different to what you did?(I don't have to hand when the last Old rise was).
Please let me know any errors or differences vs your calc that you find. Many thanks!
Month Old New
1 1000 1000
2 1000 1000
3 1000 1000
4 1000 1000
5 1000 1000
6 1000 1000
7 1000 1000
8 1000 1000
9 1000 1000
10 1000 1000
11 1000 1000
12 1000 1000
13 1000 1018
14 1000 1018
15 1000 1018
16 1026 1018
17 1026 1018
18 1026 1018
19 1026 1018
20 1026 1018
21 1026 1018
22 1026 1018
23 1026 1018
24 1026 1018
25 1026 1036
26 1026 1036
27 1026 1036
28 1026 1036
29 1026 1036
30 1026 1036
31 1053 1036
32 1053 1036
33 1053 1036
34 1053 1036
35 1053 1036
36 1053 1036
37 1053 1055
38 1053 1055
39 1053 1055
40 1053 1055
41 1053 1055
42 1053 1055
43 1053 1055
44 1053 1055
45 1053 1055
46 1081 1055
47 1081 1055
48 1081 1055
49 1081 1074
50 1081 1074
51 1081 1074
52 1081 1074
53 1081 1074
54 1081 1074
55 1081 1074
56 1081 1074
57 1081 1074
58 1081 1074
59 1081 1074
60 1081 1074