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Budget (No. 2) Act (Northern Ireland) 2024
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PART 3: INCOME
Annually managed expenditure
Income arising from:
Employer and employee contributions; transfers into the Northern Ireland Teachers’ Pension Scheme; certain receipts from the state pension scheme; certain payments received from specific government funds set up to facilitate early retirement initiatives.
Non-budget income
Income arising from:
Payments from the Department for the Economy in relation to the added years compensation element paid to teachers and lecturers who retired prematurely from Further Education colleges.
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