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Regulation 15 Deficiency grants

Original text. Later amendments are not shown.

In regulation E20–

(a)

in paragraph (2) for sub-paragraphs (a) and (b) there shall be substituted the following:–

“(a)

the teacher became entitled to retirement benefits before 1st October 2001;

(b)

at least 10 years' reckonable service was taken into account in calculating his retiring allowances; and

(c)

the total of the amounts paid in respect of these allowances is less than the pensionable salary,”;

(b)

in paragraph (3) for sub-paragraphs (a) and (b) there shall be substituted the following:–

“(a)

the teacher became entitled to retirement benefits before 1st October 2001;

(b)

less than 10 years' reckonable service was taken into account in calculating his retiring allowances; and

(c)

the amount paid in respect of his retirement pension is less than 5 times the annual rate at which it was payable when he died,”;

(c)

there shall be inserted after paragraph (3) the following paragraph:–

“(3A)

If–

(a)

the teacher’s entitlement to retiring allowances takes effect on or after 1st October 2001; and

(b)

the amount paid in respect of his retirement pension is less than 5 times the annual rate at which it was payable when he died,

a grant equal to that deficiency may be paid.”; and

(d)

in paragraph (4A) for “paragraph (2) or (3)”, there shall be substituted “paragraphs (2), (3) or (3A)”.