PART 2 E+W+SPolicy scheme service
Policy scheme serviceE+W+S
3.—(1) If a person has policy scheme service, these Regulations (and Part 1 of Schedule 10 to TPR 1997 which continues to have effect by virtue of paragraph 25 of Schedule 13) have effect subject to the modifications made by this paragraph.
(2) For the purpose of determining whether the person is qualified for retirement benefits, the policy scheme service is to be treated as if it is pensionable employment beginning after 5th April 1988.
(3) For the purpose of calculating the person's reckonable service, policy scheme service counts as 0.9 times its actual length.
(4) For the purpose of paragraph 2 of Schedule 10 to TPR 1997 (which continues to have effect by virtue of paragraph 25 of Schedule 13), the person's policy scheme service is to be treated as service after the end of June 1948.
(5) Where Part 1 of Schedule 10 to TPR 1997 applies no reduction in the amount of the person's retirement pension is to be made under paragraph 5 or paragraph 6 of that Schedule.
(6) In these Regulations “policy scheme service” has the same meaning as in regulation 3(2) of the Teachers' Superannuation (Policy Schemes) Regulations 1979 M1.
Marginal Citations