(This note is not part of the Order)
These Regulations, which come into force on 1st April 2015, amend the Teachers’ Superannuation Regulations (Northern Ireland) 1998.
Regulation 3 sets out the member contribution rate starting on 1st April 2015 and amends the member contributions provision to allow for contributions based on actual salary. Band uprating will be in line with the consumer price index.
Regulation 4 amends the timescale for ‘in-service’ applications for ill-health retirement received on, or after, 1st April 2015 to 2 years from leaving pensionable employment.
Regulation 5 clarifies the operation of abatement taking into account the pension payable from the career average arrangements, even though the career average pension itself is a ‘pension receipt’ and is not therefore abated.
Regulations 6, 7 and 8 are concerned with transfers. The whole of Part F is replaced to provide for changes in club rules and the ending of comparable service transfers. The amendments seek to clarify the operation of transfers.
Regulation 9 revokes the Teachers’ Superannuation (Amendment) (No. 2) Regulations 2014.