{
  "url": "https://openlegislation.uk/teachers-compensation-for-redundancy-and-premature-retirement-regulations-2015/regulation-19",
  "json_url": "https://openlegislation.uk/teachers-compensation-for-redundancy-and-premature-retirement-regulations-2015/regulation-19.json",
  "legislation": "uksi/2015/601",
  "legislation_title": "The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015",
  "legislation_url": "https://openlegislation.uk/teachers-compensation-for-redundancy-and-premature-retirement-regulations-2015",
  "path": "regulation/19",
  "kind": "regulation",
  "number": "19",
  "heading": "Calculation of annual compensation",
  "text": "(1) Subject to regulations 27 and 28, the rate of annual compensation payable to a member of the existing scheme is calculated in accordance with the formula—\nA×B/C where A is the member’s period of credited service, B is the member’s average salary and C is the accrual rate used to determine the annual rate of the member’s premature retirement pension.\n(2) Subject to regulations 27 and 28, the rate of annual compensation payable to a member of the 2015 scheme, including a transition member, is calculated in accordance with the formula—\nD×E/57 where D is the member’s salary on the material date or, if the member was not a full time employee on the material date, the salary that would have been payable had the member been a full time employee on the material date and E is the period of credited service under regulation 17.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 19 in force at 1.4.2015, see reg. 1"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2015/601/regulation/19",
    "retrieved_at": "2026-10-28T23:43:40.398465+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}