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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Regulations)

These Regulations revoke and replace the Teachers (Compensation for Redundancy and Premature Retirement) Regulations 1989 as amended by S.I. 1994/1059 and 1996/2777 (“the 1989 Regulations”).

Part II retains the existing provisions regarding discretionary compensation for redundancy.

Part III adds new provision regarding discretionary compensation for termination of employment calculated by reference to length of qualifying employment, as defined, and the amount of a week’s pay less the amount of any statutory redundancy payment and any discretionary compensation for redundancy under Part II.

Part IV adds new provision regarding mandatory compensation for premature retirement. Such mandatory compensation is the counterpart to provisions in the Teachers’ Superannuation (Amendment) Regulations 1997 (S.I. 1997/312) which provide for the actuarial reduction of the retirement lump sum and the annual rate of the retirement pension in cases of premature retirement on or after 1st September 1997. The amount by which they are reduced is paid as lump sum compensation and annual compensation under regulation 7. The definition of “compensating authority” is expanded accordingly (see regulation 22).

The remainder of Part IV makes consequential provision regarding abatement of the annual compensation under regulation 7 during further employment (regulation 8), payment of a supplementary death grant (regulation 9) and short-term family benefits (regulation 10).

Parts V and VI retain the provisions formerly in Parts III and IV of the 1989 Regulations regarding discretionary compensation for premature retirement (the so-called additional service credit).

Part VII contains miscellaneous and supplemental provision regarding compensation under Parts IV and V. In addition provision is made regarding mandatory compensation for admitted service as a counterpart to the actuarial reduction of admitted service benefits on premature retirement under provisions in the Teachers’ Superannuation (Amendment) Regulations 1997.