The Teachers’ Pension Scheme Regulations (Northern Ireland) 2014

Interpretation of Chapter

89.—(1) In this Chapter—

“average annual rate”, in relation to pensionable earnings in a 6 month period, means the amount of pensionable earnings in that period multiplied by 2;

“increased annual rate”, in relation to pensionable earnings, has the meaning given in regulation 97;

“new employment” means one or more new eligible employments;

“new employment condition” has the meaning given in regulation 91;

“pensionable earnings”, for a person not in an eligible employment, means the amount which would be the person’s pensionable earnings if the employment were eligible employment;

“previous employment” means one or more previous eligible employments;

“reduced annual rate”, in relation to pensionable earnings, means the annual rate of P’s pensionable earnings following the reduction referred to in regulation 90;

“reduced annual rate condition” has the meaning given in regulation 90.

(2) When calculating the reduced annual rate or increased annual rate of a person’s pensionable earnings, any standard increase(1)which takes effect on or after the entitlement day must be ignored.

(1)

See the meaning of “standard increase” in Chapter 4 of Part 3.