Regulation 10 Employer's additional contributions

by inserting before the words “Where immediately” the figure “(1)”; and

by adding at the end the following:

“(2)

Where on the employee's ceasing to hold his employment the employing authority agree to pay a sum under paragraph 4A(5) of Schedule 5 to the 1974 regulations (as deemed by virtue of regulation C9(4) of these regulations to have continued to have effect) and the employee pays the required amount for the purposes of that paragraph, the employing authority shall pay the agreed sum to the appropriate superannuation fund before the end of the period of 1 month beginning on the date of the employee's payment.

(3)

If all or part of the agreed sum remains unpaid at the end of that period, the administering authority may require the employing authority to pay interest, calculated at the standard rate on a day to day basis from the day after the end of the period to the date of payment, and compounded with 3-monthly rests, on the amount remaining unpaid.

(4)

Interest paid under paragraph (3) shall be carried to the appropriate superannuation fund.”.