# Teachers' Superannuation Regulations (Northern Ireland) 1998, Paragraph 8

Extent: N.I.
Status: prospective

(1) Subject to sub-paragraphs (2) and (3), a member or non-member who—
(a) is not in pensionable employment and has become entitled to payment of retirement benefits; and
(b) would otherwise have been able to make an election under paragraph 3 or 4,
may make a corresponding election under this paragraph.
(2) An election under this paragraph—
(a) shall be made by written notice given to the Department within 6 months after the date on which the man became entitled to payment of retirement benefits;
(b) shall specify the period in respect of which it is made; and
(c) is irrevocable.
(3) The family benefit contributions payable as a result of an election under this paragraph consist of a lump sum of—
A100×(B×C) where—
A is the annual rate at which his contributable salary was last payable;
B is the length, expressed in years and any fraction of a year, of the period in respect of which the election was made; and
C is the factor ascertained from Table 4,
but where the election made corresponds to one that could have been made under paragraph 3(1), B is reduced by one-sixth.
TABLE 4
Age on date of election
Factor
27 and under
2.90
28-37
2.95
38-42
3.00
43-47
3.05
48 and over
3.10

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Source: https://www.legislation.gov.uk/nisr/1998/333/schedule/6/paragraph/8 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-regulations-northern-ireland-1998/schedule-6/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.