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Changes over time for: Section 163
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
Status:
Point in time view as at 05/04/2015.
Changes to legislation:
There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Section 163.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
InterpretationE+W
This section has no associated Explanatory Memorandum
163. In this Chapter—
“cessation date” means the last day on which the pension is payable;
“initial payment date”—
(a)
for monthly payment of pension, means the first payment date which follows the payable date or, if the payable date falls on the payment date, the payable date;
(b)
for quarterly payment of pension, means the third payment date which follows the payable date or, if the payable date falls on the payment date, the second payment date which follows the payable date;
“payable date” means the date on which the pension becomes payable;
“payment date”—
(a)
for a survivor's pension, is the 28th day of the month; and
(b)
for a retirement pension, is the day before the day of the month on which the person to whom the pension is payable was born, and—
(i)
where the person was born on the 1st day, it is the last day of the month;
(ii)
where the person was born on the 30th day, for any month in which there is no 29th day it is the 28th day of the month; and
(iii)
where the person was born on the 31st day, for any month in which there is no 30th day it is the last day of the month; and
“pension” includes an annuity.
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