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The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015

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Adult Compensation

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23.  Subject to regulation 29, the rate of the long-term compensation payable to a person (P) who is not a child (“adult compensation”) is—

(a)if P is a member of the existing scheme with a normal pension age of 60, one half of the notional annual compensation rate;

(b)if P is a member of the existing scheme with a normal pension age of 65, 1/160 of MxN, where

M is P’s average salary;

N is P’s family benefit service;

(c)if P is a transition member or a member of the 2015 scheme, 37.5% of P’s annual pension.

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