# Teachers' Superannuation (Additional Voluntary Contributions) Regulations (Northern Ireland) 1996, Paragraph 9


If the participator retires on a date later than his 60th birthday, the permitted amount is—
(a) where the participator first entered employment in reckonable service before 1st June 1989, the greater of J, K and, where applicable, L, where—
J is an amount calculated in accordance with paragraph 8 as at that date;
K is an amount calculated in accordance with paragraph 8 as at the participator’s 60th birthday increased, up to the date of his retirement, in proportion to any increase in the index during that period; and
L is, in the case of a participator with more than 40 years of reckonable service, 1/60th of the participator’s final remuneration for each year of reckonable service up to a maximum of 45 years excluding any years before the participator’s 60th birthday in excess of 40 years; and
(b) in any other case, the lesser of the amounts calculated in accordance with paragraph 8(2)(a)(ii) and (2)(b).

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Source: https://www.legislation.gov.uk/nisr/1996/260/schedule/paragraph/9 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-northern-ireland-1996/schedule/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.