97. A phased retirement pension ceases to be payable to a member (P) if—
(a)in the 12 months after the entitlement day, the annual rate of P's pensionable earnings increases; and
(b)as a result, the annual amount of P's pensionable earnings in that 12 month period is more than 80% of the average annual rate—
(i)if P met the reduced annual rate condition, in the [F112 months] of pensionable service immediately before the reduced annual rate took effect; or
(ii)if P met the new employment condition, in the last [F212 months] of the previous employment.
Textual Amendments
F1Words in reg. 97(b)(i) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 13
F2Words in reg. 97(b)(ii) substituted (30.11.2017) by The Teachers Pensions Schemes (Miscellaneous Amendments) Regulations 2017 (S.I. 2017/1084), regs. 1, 13