Teachers' Superannuation Regulations (Northern Ireland) 1998

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) shall be made by written notice given to the Department within 6 months after the date on which the man became entitled to payment of retirement benefits;

(b) shall 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,

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

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