Regulation 16 Employers' contributions – part-time elections

After regulation G9A^f1 there shall be inserted–

“Employers' contributions – part-time elections

G9B

(1)

Where regulation C2A applies, the employer of the teacher in pensionable employment shall–

(a)

pay contributions calculated in accordance with regulation G9 referable to the back period; and

(b)

unless the Secretary of State determines otherwise, pay interest on such contributions which have accrued on each reference date at 7% per annum, compounded with yearly rests from the reference date in question to the date of payment of the contributions, and in this paragraph expressions which are used also in regulation C2A have the same meaning as in that regulation.

(2)

Any sum which is due under paragraph (1)(a) shall be paid to the Secretary of State on receipt of a written demand (without prejudice to the obligation to pay the sums referred to in paragraph (1)(b)).”.