Paragraph 10 Meaning of “standard rate” of interest

(1)

Regulation 129 is amended as follows.

(2)

In paragraph (2), after “During any financial year” insert “which ends on or before 31st March 2011”.

(3)

After paragraph (2), insert—

“(2A)
From 1st April 2011, the rate of interest is the Superannuation Contributions Adjusted for Past Experience discount rate set by the Treasury^f1.”.

Annotations

Footnotes

f1: The rate will be published by the Secretary of State on the website of the administrator for the Teachers’ Pension Scheme (England and Wales): www.teacherspensions.co.uk.