The Teachers' Pensions (Amendment) Regulations 2000

Amendment of Principal Regulations

32.  In regulation G8 there shall be inserted after paragraph (8) the following paragraph–

“(9) Where regulation C3B applies the employer of the person in pensionable employment shall–

(a) pay contributions calculated in accordance with regulation G5 and treated as due on the last day of each month for the period starting with the earlier date agreed under regulation B7(2)(c) and ending immediately before the first day of the month after that in which the notice was given,

(b) pay interest on such contributions which have accrued at 7% per annum compounded with monthly rests from the 8th day after the end of the month in which the contributions were due to the date of payment of the contributions, and

(c) pay such contributions and interest together with the amounts collected under regulation C18(1A) to the Secretary of State no later than 6 weeks after the date on which the employer gave his agreement under regulation B7(2)(c).”.