Print Options
PrintThe Whole
Instrument
PrintThe Whole
Part
PrintThe Whole
Chapter
PrintThis
Section
only
Changes over time for: Section 164
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Point in time view as at 05/04/2015.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 164.
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.
Monthly payment of pensionE+W
This section has no associated Explanatory Memorandum
164.—(1) A pension is to be paid in accordance with this regulation unless P's application for payment of benefits included a request that the pension be paid quarterly.
(2) The initial payment of the pension is to be made on the initial payment date.
(3) The amount of the initial payment is—
where—
AR is the annual rate of the pension;
DI is the number of days in the period beginning on the payable date and ending on the initial payment date and is 1 where the payable date falls on the initial payment date, and
DM is the number of days in the period beginning on the day which falls one month before the day after the initial payment date and ending on the initial payment date.
(4) The amount to be paid on the payment date in each subsequent month until the cessation date is—
where AR is the annual rate of the pension.
(5) If the cessation date does not fall on a payment date, the final payment is to be made on, or as soon as possible after, the cessation date.
(6) The amount of the final payment is—
where—
AR is the annual rate of the pension;
DF is the number of days in the period beginning on the day immediately following the last payment date before the cessation date and ending on the cessation date, and
DM is the number of days in the period beginning on the day immediately following the last payment date before the cessation date and ending on what would have been the next payment date if the pension had not ceased to be payable.
Back to top