Regulation E17 Short service incapacity grantI1

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. E17 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 been in pensionable employment for at least one year; and

(b)

has become incapacitated; and

(c)

had not attained the age of compulsory retirement when he became incapacitated; and

(d)

is not entitled to payment of retirement benefits the aggregate value of which exceeds the relevant amount,

is entitled, if he applies for payment within 6 months after the end of his pensionable employment, to an incapacity grant.

(2)

The aggregate value of retirement benefits is the total of the retirement lump sum and the actuarial equivalent of the retirement pension.

(3)

In this regulation, the relevant amount is

\frac{A \times B}{12,}

where—

A is his average salary; and
B is the length of his reckonable service.

(4)

The amount of the incapacity grant is the difference between the relevant amount and the aggregate value of any retirement benefits to which the person is entitled.

(5)

The incapacity grant shall not be paid before the end of the person’s pensionable employment.

Annotations

Commencement

I1: Reg. E17 in operation at 2.11.1998, see reg. A1