PART 5Retirement benefits for teachers

CHAPTER 3Phased retirement

Entitlement to phased retirement pension93

1

A person (P) is entitled to payment of a phased retirement earned pension from the entitlement day if—

a

P has reached normal minimum pension age but has not reached 75;

b

P is qualified or re-qualified for retirement benefits;

c

P meets the reduced annual rate condition or the new employment condition;

d

P has made a phased retirement application; and

e

P has not applied under regulation 162 for payment of any other retirement pension.

2

P is entitled to payment of a phased retirement additional pension from the entitlement day if P has applied under regulation 94 to receive an additional pension with the phased retirement earned pension.

3

Subject to regulation 97, a phased retirement pension is payable for life.