{
  "url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-northern-ireland-1996/schedule/paragraph-8",
  "json_url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-northern-ireland-1996/schedule/paragraph-8.json",
  "legislation": "nisr/1996/260",
  "legislation_title": "Teachers' Superannuation (Additional Voluntary Contributions) Regulations (Northern Ireland) 1996",
  "legislation_url": "https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-northern-ireland-1996",
  "path": "schedule/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "(1) If the participator retires on his 60th birthday, except where paragraph 10 applies, the permitted amount is the greater of E and F, where—\nE is 1/60th of the participator’s final remuneration for each year of reckonable service up to a maximum of 40 years; and\nF is the lesser of G and H.\n(2) In sub-paragraph (1)—\n(a) G is—\n(i) in relation to a participator who entered employment in reckonable service before 17th March 1987, the fraction of final remuneration ascertained by reference to the number of years of reckonable service at age 60, from the following Table—\nTABLE\nYears of employment in reckonable service at age 60\nFraction\nnot more than 5\n1/60th for each year\n6\n8/60ths\n7\n16/60ths\n8\n24/60ths\n9\n32/60ths\n10 or more\n40/60ths\nand\n(ii) in any other case, 1/30th of the participator’s final remuneration for each year of reckonable service up to a maximum of 20 years; and\n(a) H is 2/3rds of the participator’s final remuneration less any retained benefits.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/nisr/1996/260/schedule/paragraph/8",
    "retrieved_at": "2026-10-29T02:35:23.219519+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."
}