Amendment of the Teachers' Superannuation (Scotland) Regulations 2005
This section has no associated Executive Note
4. In regulation E23 (Commutation: exceptional circumstances of ill-health)–
(a)in paragraph (1) omit “in respect of so much of that pension as exceeds the teacher’s guaranteed minimum”;
(b)at the end of paragraph (1) insert “if such a lump sum would be a serious ill-health lump sum as defined in paragraph 4 of Schedule 29 to the Finance Act 2004(1).”; and
(c)for paragraph (2) substitute–
“(2) The lump sum is an amount equal to five times the annual rate of the retirement pension.”.
(1)