The Teachers' Superannuation (Consolidation) Regulations 1988

8.—(1) Subject to sub-paragraphs (2) and (3), a member or non-member who—

(a) is not in pensionable employment and has become entitled to payment of retirement benefits, and

(b) would otherwise have been able to make an election under paragraph 3 or 4,

may make a corresponding election under this paragraph.

(2) An election under this paragraph—

(a) must be made by giving written notice to the Secretary of State within 6 months after the date on which the man became entitled to payment of retirement benefits,

(b) must specify the period in respect of which it is made, and

(c) is irrevocable.

(3) The family benefit contributions payable as a result of an election under this paragraph consist of a lump sum of—

where—

• A is the annual rate at which his contributable salary was last payable,

• B is the length, expressed in years and any fraction of a year, of the period in respect of which the election was made, and

• C is the factor ascertained from Table 4 below,

• but where the election made corresponds to one that could have been made under paragraph 3(1), B is reduced by ⅙th.

  TABLE 4

  Age on date of election	Factor
  27 and under	2.90
  28—37	2.95
  38—42	3.00
  43—47	3.05
  48 and over	3.10