Paragraph 6 Reduction of retirement pension
If, in calculating the amount of a retirement pension payable to a retired teacher under these Regulations, there is taken into account any period of employment after 2nd April 1961 and before 6th April 1975 which is participating employment, the retirement pension shall, except as provided in paragraphs 8 and 9, be reduced for each year of such period, and proportionately for part of a year, by the appropriate amount specified in the Table below.
TABLE
| Reduction in retirement pension for each whole year of period | ||||
|---|---|---|---|---|
| Annual rate of salary during period | From 3rd April 1961 to 5th January 1964 | From 6th January 1964 to 5th April 1975 | ||
| Men | Women | Men | Women | |
| £ | £ | £ | £ | |
| Not exceeding £468 | nil | nil | nil | nil |
| Over £468 but not exceeding £520 | .19 | .16 | .19 | .16 |
| Over £520 but not exceeding £572 | .58 | .48 | .58 | .48 |
| Over £572 but not exceeding £624 | .96 | .80 | .96 | .80 |
| Over £624 but not exceeding £676 | 1.35 | 1.12 | 1.35 | 1.12 |
| Over £676 but not exceeding £728 | 1.73 | 1.44 | 1.73 | 1.44 |
| Over £728 but not exceeding £780 | 2.12 | 1.76 | 2.12 | 1.76 |
| Over £780 but not exceeding £832 | 2.31 | 1.92 | 2.51 | 2.09 |
| Over £832 but not exceeding £884 | 2.31 | 1.92 | 2.90 | 2.42 |
| Over £884 but not exceeding £936 | 2.31 | 1.92 | 3.29 | 2.74 |
| Over £936 | 2.31 | 1.92 | 3.48 | 2.90 |