PART 7Benefits for teachers

CHAPTER 7Other benefits

Short-service annuity: unauthorised payments78

1

This regulation applies where the repayment of a person's contributions under regulation 22 is not made because of regulation 124 (general prohibition on unauthorised payments) but where the person would otherwise be entitled to repayment of contributions.

2

A short-service annuity is payable to the person (P) from the date specified by P in P's application which must be no earlier than 6 weeks after the date on which P's application is made.

3

Except as otherwise provided in these Regulations, the annuity is payable for life.

4

The annual rate of the annuity is the actuarial equivalent of the contributions which would have been repaid.