PART 5Retirement benefits for teachers
CHAPTER 3Phased retirement
Cessation of phased retirement pension94
1
A phased retirement pension ceases to be payable to a member (P) if—
a
in the 12 months after the entitlement day, the annual rate of P’s pensionable earnings increases; and
b
as a result, the increased annual rate is more than 80% of the average annual rate of P’s pensionable earnings in—
i
if P met the reduced annual rate condition, the 6 months of pensionable service immediately before the reduced annual rate took effect; or
ii
if P met the new employment condition, the last 6 months of the previous employment.
2
In this regulation, “increased annual rate” means the annual rate of P’s pensionable earnings in the 12 months after the entitlement day.