The Teachers’ Pension Scheme (Consequential Provisions) Regulations (Northern Ireland) 2015 No. 170

PART 3 N.I. Modification of early leaver and other provisions

Revaluation of preserved benefit N.I.

8.—(1) Chapter 2 of Part 4 of the 1993 Act (protection for early leavers: revaluation of accrued benefits) is modified as follows.

(2) In the application of Chapter 2 for the purpose of revaluing benefit payable to or in respect of P under the old scheme—

(a) in section 79(1)(a)(ii)(1) (scope of chapter 2), the reference to the date on which P’s pensionable service ends is to be taken as a reference to the date on which P’s pensionable service ends in relation to the new scheme; and

(b) subsequent references in the Chapter to “the termination date” and the “pre-pension period” are to be construed accordingly.

Commencement Information

I1 Reg. 8 in operation at 1.4.2015, see reg. 1

(1)

1993 c. 49. Section 79 was amended by section 84(1) of, and paragraph 20 of Schedule 9 to, the Welfare Reform and Pensions (Northern Ireland) Order 1999. It was amended further in relation to the definition of “normal pension age” by section 27 of, and paragraph 21 of Schedule 8 to, the Public Service Pensions Act (Northern Ireland) 2014.