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United Kingdom (3,006) > Specific categories of workers (274)

Name: Teacher's Pensions Regulations 1997 (No. 3001).
Country: United Kingdom
Subject(s): Teachers
Type of legislation: Regulation, Decree, Ordinance
Adopted on: 1997-12-15
Entry into force:
Published on: Printed separately (http://www.legislation.hmso.gov.uk/si/si1997/1973001.htm)
ISN: GBR-1997-R-54370
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=54370&p_lang=en
Bibliography: Printed separately (http://www.legislation.hmso.gov.uk/si/si1997/1973001.htm)
Abstract/Citation: Consolidates with amendments the provisions of the Teachers' Superannuation (Consolidation) Regulations 1988 as amended. Governs the failure to pay contributions. Establishes new provisions whereby a person aged 50 or over, whether in full-time or part-time employment, whose salary is reduced or who takes up employment with a new employer at a reduced salary, may, if the person satisfies certain conditions, elect to pay contributions at the old rate of salary uprated by the retail prices index. Regulates the payment of additional contributions. Amends the formula for calculating the retirement lump sum. Amends provisions governing the calculation of average salary and the interest rate on late payments of certain benefits. Makes additional revisions and simplifications.

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