# The Teachers' Superannuation (Scotland) Regulations 2005, Regulation C4: Contributions where an election under regulation B2(4) has been made


(1) This regulation applies where–
(a) a teacher has elected under regulation B2(4) that his or her part time employment should be pensionable; and
(b) the Scottish Ministers have specified that the election shall have effect from an earlier date than the first day of the month after that in which the notice is given.
(2) Where this regulation applies the teacher shall–
(a) pay the contributions calculated in accordance with regulation C3 referable to the back period; and
(b) unless the Scottish Ministers determine otherwise, pay interest on such contributions which have accrued on each reference date, at 7 per cent per annum compounded with yearly rests from the reference date in question to the date of payment of the contributions.
(3) For the purposes of this regulation–
(a) the first reference date is the date a year after the end of the month in which the beginning of the back period falls;
(b) the next reference date is the date a year after the first reference date and each subsequent reference date is the date a year after the previous reference date; and
(c) the contributions which have accrued on a reference date are the contributions which would be outstanding on that date if the teacher had been in pensionable employment during the back period and if contributions had not been paid in accordance with regulation C15.

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Source: https://www.legislation.gov.uk/ssi/2005/393/regulation/C4 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-scotland-regulations-2005/regulation-C4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.