Regulation 8 Amendment of regulation E6A
In regulation E6A (eligibility for payment of phased retirement benefit)—
(a)
in paragraphs (2)(b) and (3)(d) for “25%” substitute “20%”; and
(b)
for paragraph (6) substitute—
“(6)Where in the 12 month period following the reduction in contributable salary a teacher receives an increase in remuneration in excess of the standard increase as defined in regulation E34(13)(c) such as to give that teacher remuneration equal to 80% or more of his or her salary prior to the reduction, then a phased retirement pension ceases to be payable.”.