Regulation 19 Periodic payments

(1)

This regulation applies where—

(a)

relevant periodic payments are payable to a credited teacher or to a person to whom compensation is payable under regulation 14 (short-term compensation on death) or 15 (long-term compensation on death), and

(b)

the material date is a date later than 31st August 1985.

(2)

Relevant periodic payments are payments made by the credited teacher’s former employer which—

(a)

are in respect neither of a lump sum nor of a return of contributions,

(b)

are made as mentioned in regulation 18(2), and

(c)

are not made under regulation 10 (short-term family benefits).

(3)

If the relevant periodic payments in respect of any period equal or exceed the annual or other compensation that would be payable in respect of that period, excluding any compensation paid under regulation 7 or 10, the compensation is not to be paid.

(4)

If the relevant periodic payments in respect of any period are less than the compensation referred to in paragraph (3) that compensation is to be reduced by the amount of those payments.