Regulation E16 Short service annuityI1

Northern Ireland Not yet in force

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

reg. E16 coming into force by Teachers' Superannuation 1998 reg. A1
reg. E11(2(b) words inserted by Teachers' Superannuation 2005 reg. 19(3)
reg. E20(7(a) substituted by Teachers' Superannuation 2005 reg. 22(7)
reg. E20(7(c) words substituted by Teachers' Superannuation 2005 reg. 22(8)

(1)

A person who—

(a)

has not been in pensionable employment at any time after 5th April 1980; and

(b)

is not qualified for retirement benefits; and

(c)

would but for regulation 42(2) of the 1977 Regulations have been entitled to be repaid the balance of his contributions,

is entitled to be paid, from his 60th birthday, an annuity for life.

(2)

The rate of the annuity is the actuarial equivalent of the balance of his contributions calculated in accordance with regulation C10 as at his 60th birthday.

Annotations

Commencement

I1: Reg. E16 in operation at 2.11.1998, see reg. A1