The Teachers’ Pension Scheme Regulations (Northern Ireland) 2014

Interpretation

163.  In this Chapter—

“cessation date” means the last day on which the pension is payable;

“initial payment date”—

(a)

for monthly payment of pension, means the first payment date which follows the payable date or, if the payable date falls on the payment date, the payable date;

(b)

for quarterly payment of pension, means the third payment date which follows the payable date or, if the payable date falls on the payment date, the second payment date which follows the payable date;

“payable date” means the date on which the pension becomes payable;

“payment date”—

(a)

for a survivor’s pension, is the 28th day of the month; and

(b)

for a retirement pension, is the day before the day of the month on which the person to whom the pension is payable was born; and

(i)

where the person was born on the 1st day, it is the last day of the month;

(ii)

where the person was born on the 30th day, for any month in which there is no 29th day it is the 28th of the month; and

(iii)

where the person was born on the 31st day, for any month in which there is no 30th day it is the last day of the month; and

“pension” includes an annuity.