# Teachers' Superannuation Regulations (Northern Ireland) 1998, Paragraph 15

Extent: N.I.
Status: prospective

(1) The paragraph—
(a) applies where family benefit contributions to which paragraph 14 applies cease to be payable before the end of the payment period; and
(b) has effect subject to paragraph 16.
(2) Where the person paying the contributions dies before attaining the age of 60, or becomes entitled to payment of retirement benefits by virtue of regulation E4(4) (incapacity)—
(a) contributions shall be treated as having been paid in respect of the whole of the period in respect of which the election was made; but
(b) if part of the payment period falls after his 60th birthday, the actuarial equivalent of the contributions that would have been payable during that part shall be deducted from the appropriate terminal sum.
(3) Where the person dies, or becomes entitled to payment of retirement benefits, after attaining the age of 60—
(a) contributions shall be treated as having been paid in respect of the whole of the period in respect of which the election was made; but
(b) there shall be deducted from the appropriate terminal sum an amount of—
(A×B100)×C where—
A is the annual rate at which his contributable salary was last payable;
B is the rate at which the contributions were last payable; and
C is the multiplier ascertained from, or if the remainder of the payment period is not an exact number of years, by extrapolation from, Table 6.
TABLE 6
Years in remainder of payment period
Multiplier
1
0.990
2
1.961
3
2.913
4
3.846
5
4.760
6
5.657
7
6.536
8
7.398
9
8.244
10
9.072
11
9.884
12
10.681
13
11.461
14
12.227
15
12.977
16
13.713
17
14.434
18
15.141
19
15.835
20
16.514
(4) Where the person becomes entitled to payment of retirement benefits by virtue of regulation E4(7) (redundancy, etc)—
(a) he may, by written notice given to the Department within 3 months after the end of his pensionable employment, elect to pay a lump sum which is the actuarial equivalent of the contributions that would have been payable during the remainder of the payment period;
(b) if he does so elect, on payment of the lump sum contributions shall be treated as having been paid in respect of the whole of the period in respect of which the original election was made; and
(c) if he does not so elect, contributions shall be treated as having been paid in respect of—
D×EF, where—
D is the period in respect of which the original election was made;
E is the period during which contributions were paid; and
F is the payment period.

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Source: https://www.legislation.gov.uk/nisr/1998/333/schedule/6/paragraph/15 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-regulations-northern-ireland-1998/schedule-6/paragraph-15
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.