Contents
1Citation and commencement#
These Regulations may be cited as the Teachers’ Superannuation (Scotland) Amendment (No.2) Regulations 2011 and come into force on 1stApril 2011.
2Amendment of the Teachers’ Superannuation (Scotland) Regulations 2005#
The Teachers’ Superannuation (Scotland) Regulations 2005 are amended in accordance with regulations3 to 6.
3Amendment of regulation E6A(12)#
In regulationE6A(12) (Eligibility for payment of phased retirement benefits)—
(a)before the words “In calculating the factor by which” insert—“Where the election under regulationC4B was made before 1stApril 2011,”
(b)after paragraph(12), insert—“12A Where the election under regulationC4B was made on or after 1stApril 2011, in calculating the factor by which additional benefits referred to in paragraph(11) are to be multiplied pursuant to regulationE7A(3A) or (4)—a PI is the prices index for the second month before the month in which the change in pensionable employment occurred; andb the definition of X has effect as if for “the date on which the teacher became entitled to payment of retirement benefits” there were substituted “the date of the change in pensionable employment”
4Amendment of regulation E7A#
In regulationE7A(2) (Retirement pension when election has been made under regulationC4B)—
(a)for “paragraph(3)” substitute “paragraph(3) or (3A)”;
(b)in paragraph(3), before the words “The increase is (RI/RE)” insert—“Where the election under regulationC4B was accepted before 1stApril 2011,”
(c)after paragraph(3) insert—“3A Where the election under regulationC4B was accepted on or after 1stApril 2011, the increase is PI1/PI2 where—• PI1 is the prices index for the second month before the month in which the teacher becomes entitled to the part of his or her retirement pension referred to in this regulation; and• PI2 is the prices index for the month which includes the start date, as defined in paragraph1 of Schedule2A for the election in question.”
5Amendment of Schedule 1#
In Schedule1 (glossary of expressions)—
(a)after the definition of “Previous provisions” insert—“”
6Amendment of Schedule 2A#
In paragraph18 for sub-paragraphs(a) and (b) substitute—“a where the election is made in the financial year starting on 1stApril 2010 and ending on 31stMarch 2011, £5,500;b where the election is made in any subsequent financial year, A x PI1/PI2 rounded to the nearest £100 where—• A is the maximum amount of increased retirement pension for the financial year before the financial year in which the election is made (whether determined under this paragraph or under paragraph19);• PI1 is the prices index for the month of April in the financial year before the financial year in which the election is made; and• PI2 is the prices index for the month of April in the second financial year before the financial year in which the election is made.”
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