# The Teachers’ Pensions etc. (Reform Amendments) Regulations 2006, Paragraph 21: Maximum amount of increased pension


For the purposes of paragraph 20 the factor is RI/RE where—
RI is the retail prices index for the month of February in the financial year before the financial year in which the new election is made, and
RE is the retail prices index for the month of February in the financial year before the financial year in which the start date in relation to the previous election in question election fell (or the index for January 2007, where the start date in relation to that election fell in the financial year starting on 1st January 2007 and ending on the 31st March 2008).

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Source: https://www.legislation.gov.uk/uksi/2006/3122/schedule/4/paragraph/21 (the official version)
Page: https://openlegislation.uk/teachers-pensions-etc-reform-amendments-regulations-2006/schedule-4/paragraph-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.