Regulation 64C Method of abatementF1
Where the abatable pension of a person (P) falls to be reduced—
under regulation 64B(1), paragraph (2) applies, or
under regulation 64B(2), paragraph (3) applies.
Where this paragraph applies, the Secretary of State is to pay P's abatable pension in accordance with regulation 109 (monthly payments) or regulation 110 (quarterly payments), without taking account of the reduction, until the abatable pension has been paid in respect of the number of days calculated in regulation 64B(1)(b), on the assumption that P will remain in employment at the same salary for the remainder of the initial period.
Where this paragraph applies, the Secretary of State is to pay P's abatable pension in accordance with regulation 109 (monthly payments) or regulation 110 (quarterly payments), without taking account of the reduction, until the abatable pension has been paid in respect of the number of days calculated in regulation 64B(2)(b), on the assumption that P will remain in employment at the same salary for the remainder of the tax year.
When P's abatable pension has been paid in respect of the number of days calculated in regulation 64B(1)(b) or (2)(b) paragraph (5) applies, unless P ceases to be in the employment, or is in employment at a lower salary, in which case paragraph (6) applies.
If this paragraph applies the Secretary of State is to pay no further abatable pension to P in respect of—
the remainder of the initial period, if regulation 64B(1)(b) applies, or
the remainder of the tax year, if regulation 64B(2)(b) applies.
If this paragraph applies the Secretary of State is to pay P's abatable pension during the remainder of the initial period or tax year, of such amount and at such times as is necessary in order to achieve the outcome described in—
regulation 64B(1)(b) in respect of an initial period, or
regulation 64B(2)(b) in respect of a tax year.
Annotations
Textual amendments
- F1
Regs. 64-64D substituted for reg. 64 (1.4.2015) by The Teachers' Pensions (Miscellaneous Amendments) (No. 2) Regulations 2014 (S.I. 2014/2651), regs. 1, 15
Notes on Part 7
Modifications
- C1
Pt. 7 applied (1.4.2015) by The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015 (S.I. 2015/601), regs. 1, 4 (with reg. 44(2)(3))