# The Teachers' Superannuation (Scotland) Regulations 2005, Regulation E3: Revaluation of guaranteed minimum in certain cases


(1) This regulation applies where–
(a) a teacher has ceased to be employed in reckonable service; and
(b) the guaranteed minimum in relation to his or her pension is appropriately secured (within the meaning of section 19 of the 1993 Act).
(2) The earnings factors of such a teacher shall be determined for the purposes of section 14(2) of that Act–
(a) by reference to the last order under section 21 of the Pensions Act or section 148 of the Social Security Administration Act 1992 to come into force before the end of the tax year in which he or she ceased to be a pensionable employee; and
(b) without reference to the last such order to come into force before the end of the final relevant year.
(3) The weekly equivalent mentioned in section 14(2) of the 1993 Act shall be increased by at least the prescribed percentage for each relevant year after the end of the tax year in which he or she ceased to be a pensionable employee and in accordance with such additional requirements as may be prescribed for the purposes of section 16(3) of that Act.
(4) In this regulation–
“relevant year” and “final relevant year” have the meanings given respectively in sections 14(8) and 16(5) of the 1993 Act; and
“prescribed percentage” has the meaning given in regulation 62 of the Occupational Pension Schemes (Contracting-out) Regulations 1996.

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Source: https://www.legislation.gov.uk/ssi/2005/393/regulation/E3 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-scotland-regulations-2005/regulation-E3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.