Regulation 4 Amendment of the Teachers' Superannuation (Scotland) Regulations 2005

in paragraph (1) omit “in respect of so much of that pension as exceeds the teacher’s guaranteed minimum”;

at the end of paragraph (1) insert “if such a lump sum would be a serious ill-health lump sum as defined in paragraph 4 of Schedule 29 to the Finance Act 2004^f1.”; and

for paragraph (2) substitute–

“(2)

The lump sum is an amount equal to five times the annual rate of the retirement pension.”.