The Teachers' Pensions Regulations 2010

Annual rate of admitted service pension and amount of admitted service lump sum E+W+S

81.—(1) This regulation applies for calculating the annual rate of the admitted service pension and the amount of the admitted service lump sum of a person to whom regulation 80 (admitted service benefits) applies (P).

(2) The annual rate of P's admitted service pension is the sum of—

(a) 1/80 x S x AS + X/5, and

(b) where an admitted service lump sum would, apart from regulation 80(7) be payable to P, such amount representing the value of that lump sum as the Secretary of State shall determine after taking advice from the scheme actuary.

(3) The amount of P's admitted service lump sum is 1/30 x S x AS1 + 3/80 x S x AS2.

(4) The amounts calculated in accordance with paragraphs (2) and (3) must be multiplied by the appropriate factor for a person with NPA 60 reckonable service where—

(a) P falls within paragraph (2) of regulation 80 (admitted service benefits), and

(b) P's retirement pension is paid because Case D or E applies to P's NPA 60 reckonable service.

(5) In this regulation—

• AS is the length of P's admitted service (in years and fractions of a year);

• AS1 is the length of P's admitted service (in years and fractions of a year) before 1st April 1963;

• AS2 is the length of P's admitted service (in years and fractions of a year) after 31st March 1963;

• S is the average annual rate of P's salary during admitted service;

• X is so much of 1/80 x S x AS as is attributable to admitted service before 1st April 1962.