Regulation 90 The reduced annual rate condition
England and Wales
A person (P) meets the reduced annual rate condition if—
(a)
P is in one or more eligible employments;
(b)
the terms of employment change and as a result there is a reduction in the annual rate of P's pensionable earnings; and
(c)
the reduced annual rate is not more than 80% of the average annual rate of P's pensionable earnings for the F112 months of pensionable service immediately before the reduction.
Annotations
Textual amendments
- F1
Words in reg. 90(c) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 11