{
  "url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-1989/schedule-2/paragraph-9",
  "json_url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-1989/schedule-2/paragraph-9.json",
  "legislation": "uksi/1989/946",
  "legislation_title": "The Teachers' Superannuation (Additional Voluntary Contributions) Regulations 1989",
  "legislation_url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-1989",
  "path": "schedule/2/paragraph/9",
  "kind": "paragraph",
  "number": "9",
  "heading": null,
  "text": "(1) If the participator retires after having, before his 60th birthday, ceased to be in relevant employment, the permitted amount is the greater of (M+R) and\n( N P ×Q)+R), where–\nM is 1/60th of his final remuneration for each of up to 40 years of relevant employment,\nN is the number of years on which M is calculated,\nP is the number of years on which M would have been calculated if he had continued in relevant employment up to his 60th birthday,\nQ is an amount calculated in accordance with paragraph 7 as at his 60th birthday, and\nR is the appropriate increase.\n(2) For the purposes of sub-paragraph (1) the appropriate increase is an increase in the amount in question, either–\n(a) in proportion to any increase in the Index, or\n(b) if greater, at 5 per cent compound,\nfrom the cessation of relevant employment to the date on which the pension commenced.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1989/946/schedule/2/paragraph/9",
    "retrieved_at": "2026-10-29T15:43:41.084347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}