Interpretation of ChapterE+W
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.
Textual Amendments
F1Words in reg. 89(1) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 10
Marginal Citations
M1See the meaning of “standard increase” in Chapter 4 of Part 3.