# Teachers' Superannuation (Additional Voluntary Contributions) Regulations (Northern Ireland) 1996, Regulation 14: Benefit limits


(1) The Schedule has effect for limiting the benefits that may be paid under these Regulations.
(2) The maximum annual rate of a retirement pension or dependant’s pension ascertained from the Schedule may be increased by up to 3 per cent for each complete year that has elapsed, or in proportion to the increase in the Index that has occurred since payment of the pension became payable, if greater.

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Source: https://www.legislation.gov.uk/nisr/1996/260/regulation/14 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-northern-ireland-1996/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.