The Teachers' Superannuation (Scotland) Regulations 1993

5.—(1) Subject to sub-paragraphs (2) to (5), if the teacher–

(a) before the end of the contribution period ceases to be in full-time pensionable employment; and

(b) does not again enter such employment within one month and before becoming entitled to retiring allowances,

• the principal election ceases to have effect.

(2) Unless the teacher receives a return of contributions under regulation C10, he may–

(a) if he became entitled to payment of retiring allowances on ceasing to hold his employment, before receiving a retirement lump sum; or

(b) in any other case, within 3 months after the end of his employment,

• by giving written notice to the Secretary of State elect to complete payment of the additional contributions (so that regulation D3(1)(b) will apply instead of regulation D3(2)) by making a lump sum payment under this paragraph.

(3) Where the teacher had not attained the age of 60 when he ceased to hold his employment, the amount of the payment is, subject to sub-paragraph (4) and to paragraph 3 of Schedule 3, the actuarial equivalent, when the employment ended, of the additional contributions that would have been payable for the remainder of the contribution period.

(4) Where–

(a) when the teacher ceased to hold his employment he had become incapacitated and had not attained the age of 60; and

(b) he would have attained that age before the end of the contribution period,

• the amount of the payment is, subject to paragraph 3 of Schedule 3, the actuarial equivalent, when the employment ended, of the additional contributions that would have been payable after he attained that age.

(5) Where the teacher had attained the age of 60 when he ceased to hold his employment, the amount of the payment is, subject to paragraph 3 of Schedule 3, E x F, where–

• E is the amount of the additional contributions for one year at the rate at which they were last payable, and

• F is the multiplier ascertained from, or where the remainder of the contribution period is not an exact number of years by extrapolation from, Table 2 below.

  TABLE 2

  Years remaining in contribution period	Multiplier
  1	0.993
  2	1.970
  3	2.934
  4	3.883
  5	4.818
  6	5.740
  7	6.648
  8	7.542
  9	8.423
  10	9.291

(6) If the payment is not made within the period allowed by sub-paragraph (2) for making the election, the election ceases to have effect.