Paragraph 6

(1)

This paragraph applies where a lump sum equal to the retirement lump sum that would otherwise have been receivable is paid under paragraph 7 or 9 of Schedule 4.

(2)

Where this paragraph applies, the person is entitled to count at reckonable service–

(a)

the period he or she would have been entitled to count under paragraph 1 if the lump sum had not been paid; and

(b)

a period of–

\frac{A}{\frac{B}{C} - \frac{3 \times D years}{80}}

A is the retirement lump sum;
B is the lump sum that would have been payable under paragraph 6 of Schedule 4, and, in the case of a teacher in part-time pensionable employment, on the assumption that he or she had made an election under paragraph 6(9)(c) of Schedule 4;
C is so much of the past period as he or she is not entitled to count under (a) above; and
D is his or her pensionable salary.