Amendment of the Teachers' Superannuation (Scotland) Regulations 2005
11. After regulation C4 (contributions where an election under regulation B2(4) has been made) insert–
“Contributions where an election under regulation B8(1A) is to take effect from an earlier date
C4A.—(1) This regulation applies where–
(a)a teacher has elected under regulation B8(1A) that his or her further employment should be pensionable; and
(b)his or her employer has agreed under regulation B8(4A) that the election should have effect from a date earlier than the first day of the month after that in which the notice was given.
(2) Where this regulation applies the teacher shall–
(a)pay the contributions calculated in accordance with regulation C3(2) and treated as due on the last day of each month for the period starting with such earlier date and ending immediately before the first day of the month after that in which the notice was given; and
(b)pay interest on each such contribution at 7% per annum, compounded with monthly rests from the eighth day after the end of the month in which that contribution was due to the date of its payment.
Election in respect of additional benefits
C4B.—(1) Any teacher in pensionable employment who has not attained the normal pension age may at any time elect to pay additional contributions in accordance with Schedule 2A in order to be credited with additional benefits.
(2) The employer of a teacher in pensionable employment may at any time elect to pay additional contributions in accordance with Schedule 2A in order for that teacher to be credited with additional benefits.
(3) Where, pursuant to an election under this regulation and Schedule 2A, a teacher is credited with an increased retirement pension that pension–
(a)is to be paid to him or her in accordance with regulation E7A when he or she becomes entitled to retirement benefits in accordance with regulation E6; and
(b)is to be paid to him or her in accordance with regulation E6A if he or she is eligible for phased retirement benefits.
(4) Where, pursuant to an election under this regulation and Schedule 2A, a teacher is credited with increased benefits for his or her dependents, those benefits are to be paid in accordance with regulation E32A.”.