The Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1992

has the meaning assigned to it by Schedule 1 to the 1992 Regulations;

means • and “the material date” means the earliest of— (a) the retirement date;

means a retirement benefits scheme approved under Chapter I of Part XIV of the Taxes Act;

has the meaning assigned to it by section 9(6) of the Superannuation Act 1972;

means a cash equivalent mentioned in paragraph 12(1) of Schedule 1A to the Social Security Pensions Act 1975;

means the greater of A and B, where— • A is the participator’s highest year’s adjusted salary in respect of pensionable employment, or salary in respect of a period of contributions under regulation C8 of the 1992 Regulations, during the period of 5 years ending on the material date, and • B is the average of the participator’s salary for any period of 3 or more consecutive years ending no earlier than 10 years before the material date,

means an approved scheme which falls within section 591(2)(h) of the Taxes Act;

means a body authorised under section 3 or 4 of the Insurance Companies Act 1982 to carry on long-term business.

means a lump sum which will become payable in the event of a person dying while paying periodical contributions to provide for it;

means a contributor who has elected to provide benefits under regulation 12 or a person who has ceased to be a contributor but has not exercised any right to take a cash equivalent or to be paid a lump sum under regulation 15;

includes the actuarial equivalent as an annual pension of any lump sum.

has the meaning given by regulation 5(2);

means regular contributions which a person has elected to pay under regulation 4(1);

means a scheme approved under Chapter IV of Part XIV of the Taxes Act;

means the total of any pensions payable to the participator—

means become entitled under regulation E5 of the 1992 Regulations to payment of retiring allowances;

has the meaning given in section 611 of the Taxes Act;

has the meaning given by regulation 12(2);

means— (a) in relation to pensionable employment, the salary calculated in accordance with regulation C1 of the 1992 Regulations, and (b) in relation to contributions payable under regulation C8 of the 1992 Regulations, the salary determined in accordance with the provisions of that regulation for the purposes of calculating the said contributions;

means the 12 months beginning with 6th April in any year.

means the index of retail prices published by the Department of Employment;

means the earliest of— (a) the retirement date;

means the total of so much of— as is attributable to contributions paid while in pensionable employment.