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The Teachers' Pension Scheme Regulations 2014

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Changes over time for: Section 89

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Point in time view as at 30/11/2017.

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There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Section 89. Help about Changes to Legislation

Interpretation of ChapterE+W

This section has no associated Explanatory Memorandum

89.—(1) In this Chapter—

[F1“average annual rate” means the average rate of pensionable earnings in a 12 month period];

increased annual rate”, in relation to pensionable earnings, has the meaning given in regulation 97(2);

new employment” has the meaning given in regulation 91(2);

new employment condition” has the meaning given in regulation 91;

“pensionable earnings”, for a person not in an eligible employment, means the amount which would be the person's pensionable earnings if the employment were eligible employment;

phased retirement application” means an application under regulation 162 for payment of a phased retirement pension;

previous employment” has the meaning given in regulation 91(2);

reduced annual rate”, in relation to pensionable earnings, means the annual rate of P's pensionable earnings following the reduction referred to in regulation 90;

reduced annual rate condition” has the meaning given in regulation 90.

(2) When calculating the reduced annual rate or increased annual rate of a person's pensionable earnings, any standard increase M1 which takes effect on or after the entitlement day must be ignored.

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Marginal Citations

M1See the meaning of “standard increase” in Chapter 4 of Part 3.

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