PART 5 Retirement benefits for teachers

CHAPTER 3Phased retirement

Cessation of phased retirement pension97.

A phased retirement pension ceases to be payable to a member (P) if—

(a)

in the 12 months after the entitlement day, the annual rate of P's pensionable earnings increases; and

(b)

as a result, the annual amount of P's pensionable earnings in that 12 month period is more than 80% of the average annual rate—

(i)

if P met the reduced annual rate condition, in the 6 months of pensionable service immediately before the reduced annual rate took effect; or

(ii)

if P met the new employment condition, in the last 6 months of the previous employment.