PART 5Discretionary compensation for premature retirement
Discretion to credit an additional period of service11
1
Subject to the approval of the compensating authority, the deciding authority, ascertained from the first and second columns of the table in Part I of Schedule 1, may, within 6 months after the material date, credit an eligible teacher (including an eligible teacher who has since died) with a period of service not exceeding the shortest of—
a
the period by which his effective service falls short of 40 years;
b
the period beginning on the day following the material date and ending with his 65th birthday, less, where paragraph 1 of Part 3 of Schedule 1 applies, any period required by paragraph 2 of that Part to be deducted;
c
the length of his effective service; and
d
the period specified in Part 2 of Schedule 1.
2
An eligible teacher’s effective service comprises—
a
any period which he is entitled to count as reckonable service; and
b
if his former employment was not pensionable employment, any period which he would have been entitled so to count if it had been.