Paragraph 9

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.4, para 2(1) amended by Teachers' Superannuation 1993 reg.24(a)
Sch.4, para 4(2)(b) amended by Teachers' Superannuation 1993 reg.24(b)
Sch.4, para 4A added by Teachers' Superannuation 1993 reg.24(c)
Sch.4, para 9(2) amended by Teachers' Superannuation 1993 reg.24(e)
Sch.4, para 14(5) amended by Teachers' Superannuation 1993 reg.24(f)
Sch.4, Table 3 amended by Teachers' Superannuation 1993 reg.24(d)
Sch.4, Pt IV revoked by Teachers Superannuation 1994 reg.22
sch. 4 amended by Teachers' Superannuation 1989

(1)

Subject to paragraphs 10 to 12, the additional contributions consist of a lump sum of A×B×C, where—

A is the length of the past period, expressed in years and any fraction of a year,
B is the annual rate of the person’s contributable salary at the date on which notice of the election was given, and
C is the percentage ascertained from Table 3 below.

TABLE 3

Age of date of election	Percentage
under 23	29.53
23	28.50
24	27.47
25	26.45
26	25.43
27	24.54
28	23.77
29	23.12
30	22.57
31	22.10
32	21.67
33	21.27
34	20.92
35	20.62
36	20.37
37	20.19
38	20.05
39	19.97
40	19.91
41	19.96
42	19.84
43	19.86
44	19.89
45	19.92
46	19.96
47	20.02
48	20.11
49	20.22
50	20.36
51	20.52
52	20.69
53	20.86
54	21.04
55	21.22
56	21.52
57	22.02
58	22.72
59	23.52
60	24.39
61	23.88
62	23.37
63	22.86
64	22.34
65	21.81
66	21.29
67	20.76
68	20.24
69	19.71

(2)

If the lump sum is not paid within one month after the date on which the election became irrevocable under regulation C3(13) the election ceases to have effect.