# The Teachers (Compensation for Premature Retirement and Redundancy) (Scotland) Regulations 1996, Paragraph 2


The amount ascertained under this paragraph is equal to–
(3R10×E)-Y where–
E is the period of the designated teacher’s additional service, expressed in years and fractions of a year, which is in excess of 6⅔ years;
R is the amount of the redundancy payment referred to in regulation 11(b); and
Y is any amount by which the payment is reduced in accordance with the Redundancy Payments Pensions Regulations 1965.

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Source: https://www.legislation.gov.uk/uksi/1996/2317/schedule/3/paragraph/2 (the official version)
Page: https://openlegislation.uk/teachers-compensation-for-premature-retirement-and-redundancy-scotland-regulations-1996/schedule-3/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.