Regulation 97 Cessation of phased retirement pension

England and Wales

A phased retirement pension ceases to be payable to a member (P) if—

(a)

in the 12 months after the entitlement day, the annual rate of P's pensionable earnings increases; and

(b)

as a result, the annual amount of P's pensionable earnings in that 12 month period is more than 80% of the average annual rate—

(i)

if P met the reduced annual rate condition, in the F112 months of pensionable service immediately before the reduced annual rate took effect; or

(ii)

if P met the new employment condition, in the last F212 months of the previous employment.

Annotations

F1: Words in reg. 97(b)(i) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 13
F2: Words in reg. 97(b)(ii) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 13