OpenLegislation

Regulation 20 New employment

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

(1)

References in this regulation to regulation E14 are references to regulation E14 of the Superannuation Regulationsf1.

(2)

This regulation applies while a credited teacher is in employment falling within regulation E14(1)(a) or (b) (“new employment”); but if he is concurrently both in employment falling within regulation E14(1)(a) and in other new employment it applies only in respect of the former.

(3)

Where this regulation applies—

(a)

while the assumed retirement pension would fall to be reduced under regulation E14(3), no annual compensation under regulation 12 is to be paid, and

(b)

while sub-paragraph (a) does not apply, the rate of his annual compensation under regulation 12 is to be reduced by the excess (if any) of

(A+G+H)over(C+D-E)

where

  • A, C, D and E are the same as in regulation E14(3) and—

  • G is the full annual rate of his annual compensation payable under regulation 12, and

  • H is the annual rate of the assumed retirement pension.

(4)

For the purposes of paragraph (3)—

(a)

regulation E14(3) is in every case to be construed as if the former employment were pensionable employment, and

(b)

if the credited teacher has more than one entitlement to annual compensation payable under regulation 12, G comprises his total annual compensation payable under regulation 12 but each component is to be reduced only in the proportion which it bears to that total.

Annotations

Footnotes

f1

Regulation E14 was amended by S.I. 1989/378, 1993/114, 1994/1058, 1995/2004 and 1997/312.