The Teachers' Superannuation (Scotland) Regulations 1993

14.—(1) Subject to paragraph 15, the amount of the additional contributions is to be paid in equal monthly instalments.

(2) The amount of the additional contributions is C × D × E, where–

• C is the Method B sum,

• D is the number of instalments to be paid, and

• E is the multiplier ascertained from, or where the contribution period is not an exact number of years by extrapolation from, the appropriate Table.

(3) Where paragraph 13(2) applies, the appropriate Table is Table 4 below.

TABLE 4

Range within which relevant rate of interest falls	Contribution period in years and multiplier
%	1	2	3	4	5
5.00- 5.49	0.0860	0.0443	0.0304	0.0235	0.0194
5.50- 5.99	0.0863	0.0445	0.0306	0.0237	0.0196
6.00- 6.49	0.0865	0.0448	0.0309	0.0239	0.0198
6.50- 6.99	0.0867	0.0450	0.0311	0.0242	0.0200
7.00- 7.49	0.0869	0.0452	0.0313	0.0244	0.0203
7.50- 7.99	0.0872	0.0454	0.0315	0.0246	0.0205
8.00- 8.49	0.0874	0.0456	0.0318	0.0249	0.0207
8.50- 8.99	0.0876	0.0459	0.0320	0.0251	0.0210
9.00- 9.49	0.0878	0.0461	0.0322	0.0253	0.0212
9.50- 9.99	0.0881	0.0463	0.0324	0.0256	0.0214
10.00- 10.49	0.0883	0.0465	0.0327	0.0258	0.0217
10.50- 10.99	0.0885	0.0468	0.0329	0.0260	0.0219
11.00- 11.49	0.0887	0.0470	0.0331	0.0263	0.0222
11.50- 11.99	0.0890	0.0472	0.0334	0.0265	0.0224
12.00- 12.49	0.0892	0.0474	0.0336	0.0267	0.0226
12.50- 12.99	0.0894	0.0476	0.0338	0.0270	0.0229
13.00- 13.49	0.0896	0.0479	0.0340	0.0272	0.0231
13.50- 13.99	0.0898	0.0481	0.0343	0.0274	0.0234
14.00- 14.49	0.0901	0.0483	0.0345	0.0277	0.0236
14.50- 14.99	0.0903	0.0485	0.0347	0.0279	0.0239
15.00- 15.49	0.0905	0.0488	0.0350	0.0282	0.0241
15.50- 15.99	0.0907	0.0490	0.0352	0.0284	0.0244
16.00- 16.49	0.0910	0.0492	0.0354	0.0287	0.0246
16.50- 16.99	0.0912	0.0494	0.0357	0.0289	0.0249
17.00- 17.49	0.0914	0.0497	0.0359	0.0291	0.0251
17.50- 17.99	0.0916	0.0499	0.0361	0.0294	0.0255
18.00- 18.49	0.0919	0.0501	0.0364	0.0296	0.0257
18.50- 18.99	0.0921	0.0504	0.0366	0.0299	0.0260
19.00- 19.49	0.0923	0.0506	0.0369	0.0301	0.0262
19.50- 19.99	0.0925	0.0508	0.0371	0.0304	0.0265

(4) In any other case, the appropriate Table is Table 5 below.

TABLE 5

Range within which relevant rate of interest falls	Contribution period in years and multiplier
%	1	2	3	4
5.00- 5.49	0.0859	0.0441	0.0302	0.0233
5.50- 5.99	0.0861	0.0444	0.0305	0.0235
6.00- 6.49	0.0863	0.0446	0.0307	0.0238
6.50- 6.99	0.0865	0.0448	0.0309	0.0240
7.00- 7.49	0.0868	0.0450	0.0311	0.0242
7.50- 7.99	0.0870	0.0452	0.0314	0.0244
8.00- 8.49	0.0872	0.0455	0.0316	0.0247
8.50- 8.99	0.0874	0.0457	0.0318	0.0249
9.00- 9.49	0.0877	0.0459	0.0320	0.0251
9.50- 9.99	0.0879	0.0461	0.0323	0.0254
10.00- 10.49	0.0881	0.0463	0.0325	0.0256
10.50- 10.99	0.0883	0.0466	0.0327	0.0258
11.00- 11.49	0.0886	0.0468	0.0329	0.0260
11.50- 11.99	0.0888	0.0470	0.0332	0.0263
12.00- 12.49	0.0890	0.0472	0.0334	0.0265
12.50- 12.99	0.0892	0.0475	0.0336	0.0268
13.00- 13.49	0.0894	0.0477	0.0338	0.0270
13.50- 13.99	0.0897	0.0479	0.0341	0.0272
14.00- 14.49	0.0899	0.0481	0.0343	0.0275
14.50- 14.99	0.0901	0.0484	0.0345	0.0277
15.00- 15.49	0.0903	0.0486	0.0348	0.0279
15.50- 15.99	0.0906	0.0488	0.0350	0.0282
16.00- 16.49	0.0908	0.0490	0.0352	0.0284
16.50- 16.99	0.0910	0.0493	0.0355	0.0287
17.00- 17.49	0.0912	0.0495	0.0357	0.0289
17.50- 17.99	0.0914	0.0497	0.0359	0.0292
18.00- 18.49	0.0917	0.0499	0.0362	0.0294
18.50- 18.99	0.0919	0.0502	0.0364	0.0296
19.00- 19.49	0.0921	0.0504	0.0366	0.0299
19.50- 19.99	0.0923	0.0506	0.0369	0.0301

Range within which relevant rate of interest falls	Contribution period in years and multiplier
%	5	6	7	8	9	10
5.00- 5.49	.0192	.0164	.0144	.0130	.0118	.0109
5.50- 5.99	.0194	.0166	.0147	.0132	.0121	.0112
6.00- 6.49	.0196	.0168	.0149	.0135	.0123	.0114
6.50- 6.99	.0198	.0171	.0151	.0137	.0126	.0117
7.00- 7.49	.0201	.0173	.0154	.0139	.0128	.0119
7.50- 7.99	.0203	.0176	.0156	.0142	.0131	.0122
8.00- 8.49	.0205	.0187	.0159	.0144	.0133	.0125
8;.50- 8.99	.0208	.0180	.0161	.0147	.0136	.0127
9.00- 9.49	.0210	.0183	.0164	.0149	.0139	.0130
9.50- 9.99	.0212	.0185	.0166	.0152	.0141	.0133
10.00- 10.49	.0215	.0188	.0169	.0155	.0144	.0135
10.50- 10.99	.0217	.0190	.0171	.0157	.0147	.0138
11.00- 11.49	.0220	.0193	.0174	.0160	.0149	.0141
11.50- 11.99	.0222	.0195	.0176	.0162	.0152	.0144
12.00- 12.49	.0224	.0198	.0179	.0165	.0155	.0146
12.50- 12.99	.0227	.0200	.0181	.0168	.0158	.0149
13.00- 13.49	.0229	.0203	.0184	.0170	.0160	.0152
13.50- 13.99	.0232	.0205	.0187	.0173	.0163	.0155
14.00- 14.49	.0234	.0208	.0189	.0176	.0166	.0158
14.50- 14.99	.0237	.0210	.0192	.0179	.0169	.0161
15.00- 15.49	.0239	.0213	.0195	.0181	.0172	.0164
15.50- 15.99	.0242	.0215	.0197	.0184	.0174	.0167
16.00- 16.49	.0244	.0218	.0200	.0187	.0177	.0170
16.50- 16.99	.0247	.0221	.0202	.0190	.0180	.0173
17.00- 17.49	.0249	.0223	.0205	.0193	.0183	.0176
17.50- 17.99	.0250	.0226	.0208	.0195	.0186	.0179
18.00- 18.49	.0254	.0228	.0211	.0198	.0189	.0182
18.50- 18.99	.0257	.0231	.0214	.0201	.0192	.0185
19.00- 19.49	.0259	.0234	.0216	.0204	.0195	.0188
19.50- 19.99	.0262	.0236	.0219	.0207	.0198	.0191

(5) The relevant rate of interest is the average gross redemption yield described in sub-paragraph (6) on the last 1st August before the date on which the election became irrevocable under regulation C3(13) or, if the Stock Exchange was not then open, on the last day on which it had been open.

(6) The average gross redemption yield is that computed and designated jointly by the Financial Times, the Institute of Actuaries and the Faculty of Actuaries as that appropriate to British Government high-coupon 5-year stocks.