Teachers' Superannuation Regulations (Northern Ireland) 1998

12.—(1) Subject to sub-paragraph (2), where payment is to be made by Method A the payment period shall be ascertained from, or where the period in respect of which the election was made is not an exact number of years, by extrapolation from, Table 5.

TABLE 5

Rate of contributions	Period in years for which contributions are to be paid in respect of each year of period specified in election
	Election under paragraph 10(1)	Election under paragraph 10(2)
1%	1.45	0.42
2%	0.69	0.20
3%	0.46	0.14
4%	0.33	0.10
5%	0.27	0.08
6%	0.22	0.07
7%	0.18	0.06
8%	0.16	0.05
9%	0.14	0.04

(2) If the period ascertained in accordance with sub-paragraph (1) (“the Table period”) does not end with the last day of a month, the payment period ends with the last day of the month in which the Table period ends.

(3) Where payment is to be made by Method B the lump sum payable, which shall be paid within 3 months after its amount is notified by the Department, is—

(a) for each year of service in respect of which an election was made under paragraph 10(1), 1.25 per cent; and

(b) for each year of service in respect of which an election was made under paragraph 10(2), 0.4 per cent,

of the appropriate amount, and pro rata for any period of less than a year.

(4) In sub-paragraph (3) the appropriate amount is—

(a) where the woman was in pensionable employment when the election took effect, the annual rate of her contributable salary at that time; and

(b) in any other case, her average salary.