The Local Government Superannuation (Amendment) Regulations 1992

Payment to avoid reduction of retiring allowance

39.—(1) Paragraph 1 of Schedule 5 to the principal Regulations is amended—

(a) by substituting for the words from the beginning to “TABLE” the following:

“The amount to be paid by an employee who has under regulation C8 elected to make payment by a lump sum is—

(a) where the employee is a man—

where—

• A is the length, expressed in complete years and any fraction of a year, of the period of reckonable service specified in his notice of election,

• B is his remuneration at the date of the election, and

• C is the figure specified in column 2 of Table I below against his age on his birthday next following the date of the election;

(b) where the employee is a woman—

(i) who has made an election under regulation E12(1)(b) or (2)(b)—

or

(ii) who has given notice under regulation E6(7)—

where—

• A1 is the length, expressed in complete years and any fraction of ayear, of the period of reckonable service before 1st April 1972specified in her notice of election,

• A2 is the length, expressed as above, of the period of reckonable service specified in her notice of election which is or is treated for the purposes of regulation E3(8B) as being reckonable service before 1st April 1972,

• A3 is the length, expressed as above, of the period of reckonable service specified in her notice of election which is or is treated for the purposes of regulation E3(8B) as being reckonable service after 31st March 1972 but before 6th April 1988,

• B is her remuneration at the date of election, and

• C is the figure specified in column 2 of Table II below against her age on her birthday next following the date of election.

  • TABLE I

    MEN”;

(b) by inserting after the Table the Table set out in Part I of the Schedule to these Regulations.

(2) Paragraph 6 of Schedule 5 to the principal Regulations is amended—

(a) by substituting for the words from the beginning to “TABLE” the following:

“The amount to be paid by way of additional contributions by an employee who has under regulation C8 elected to make payment in that manner is—

(a) where the employee is a man—

where—

• A is the length, expressed in complete years and any fraction of a year, of the period of reckonable service specified in his notice of election,

• B is his remuneration for the time being, and

• C is the figure in Table I below appropriate to his age on his birthday next following the date of the election and to his specified birthday (within the meaning of paragraph 8);

(b) where the employee is a woman—

(i) who has made an election under regulation E12(1)(b) or(2)(b)—

or

(ii) who has given notice under regulation E6(7)—

where—

• A1 is the length, expressed in complete years and any fraction of a year, of the period of reckonable service before 1st April 1972 specified in her notice of election,

• A2 is the length, expressed as above, of the period of reckonable service specified in her notice of election which is or is treated for the purposes of regulation E3(8B) as being reckonable service before 1st April 1972,

• A3 is the length, expressed as above, of the period of reckonable service specified in her notice of election which is or is treated for the purposes of regulation E3(8B) as being reckonable service after 31st March 1972 but before 6th April 1988,

• B is her remuneration for the time being, and

• C is the figure in Table II below appropriate to her age on her birthday next following the date of the election and to her specified birthday (within the meaning of paragraph 8).

  • TABLE I

    MEN”;

(b) by inserting after the Table the Table set out in Part II of the Schedule to these Regulations.