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The Teachers' Superannuation (Amendment) Regulations 1988

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Purchase of past added years

12.—(1) Part I of Schedule 2A to the principal Regulations is amended—

(a)in paragraph 2(1), by deleting the words “not less than 5 in number”;

(b)in paragraph 3(2), by inserting after the words “Table 1” the words “or, as the case may be, Table 1A”; and

(c)by inserting after Table 1 the following:

TABLE 1A

Period of contribution in years1234
Teacher’s agePercentage contribution in respect of each year purchased
2032.9615.9710.357.59
2131.7915.329.887.20
2230.6614.719.456.84
2329.5914.159.056.52
2428.5713.628.696.24
2527.6113.148.365.99
2626.6312.718.105.81
2725.7412.317.865.64
2824.9311.957.645.50
2924.2011.637.455.37
3023.5511.347.285.26
3123.0411.127.155.17
3222.5910.917.035.10
3322.1810.736.935.03
3421.8310.586.854.98
3521.5210.456.784.94
3621.3110.376.734.92
3721.1410.306.704.90
3820.9910.256.674.89
3920.8710.216.664.89
4020.7810.186.654.89
4120.7510.186.654.90
4220.7410.186.674.91
4320.7410.206.684.93
4420.7610.226.704.95
4520.8110.256.734.97
4620.8710.296.765.00
4720.9410.336.805.03
4821.0410.396.845.06
4921.1610.456.895.10
5021.2910.526.945.15
5121.4410.617.005.20
5221.6110.707.075.25
5321.8010.807.155.32
5422.0110.927.235.39
5522.2311.047.325.46
5622.5911.247.475.58
5723.0011.487.645.73
5823.4711.747.845.89
5923.9912.048.076.08
6024.5712.388.316.28
6124.0512.128.146.15
6223.5311.857.966.02
6323.0111.597.795.88
6420.2810.146.765.07
6521.9711.077.435.62
6621.4410.787.235.45
6720.9110.497.025.28
6820.3910.206.815.11
6919.869.916.604.94.

(2) Part III of Schedule 2A to the principal Regulations is amended—

(a)in paragraph 2(1)(a)(ii), by substituting for the words “less than 5 nor” the words “less than one year nor”;

(b)in paragraph 2(1)(b), by inserting after the words “a period of” the words “not less than one year nor more than”;

(c)in paragraph 3, by deleting the words “or 5”;

(d)in paragraph 4(1), by deleting the words from “In the case” to “election”;

(e)in paragraph 4(2), by deleting the words “In such case” and by substituting for the words “the following Table 4” the words “the appropriate Table”;

(f)by inserting after paragraph 4(2) the following:

(2A) The appropriate Table—

(a)in the case of a teacher who has not attained the age of 55 on 1st October next following his giving notice of his election, is Table 4 or, as the case may be, Table 4A below, and

(b)in any other case, is Table 5 below.;

(g)by deleting paragraph 5; and

(h)by inserting after Table 4 the following:

TABLE 4A

Range within which relevant rate of interest falls %
Contribution period in years
1234
5.00—5.490.08590.04410.03020.0233
5.50—5.990.08610.04440.03050.0235
6.00—6.490.08630.04460.03070.0238
6.50—6.990.08650.04480.03090.0240
7.00—7.490.08680.04500.03110.0242
7.50—7.990.08700.04520.03140.0244
8.00—8.490.08720.04550.03160.0247
8.50—8.990.08740.04570.03180.0249
9.00—9.490.08770.04590.03200.0251
9.50—9.990.08790.04610.03230.0254
10.00—10.490.08810.04630.03250.0256
10.50—10.990.08830.04660.03270.0258
11.00—11.490.08860.04680.03290.0260
11.50—11.990.08880.04700.03320.0263
12.00—12.490.08900.04720.03340.0265
12.50—12.990.08920.04750.03360.0268
13.00—13.490.08940.04770.03380.0270
13.50—13.990.08970.04790.03410.0272
14.00—14.490.08990.04810.03430.0275
14.50—14.990.09010.04840.03450.0277
15.00—15.490.09030.04860.03480.0279
15.50—15.990.09060.04880.03500.0282
16.00—16.490.09080.04900.03520.0284
16.50—16.990.09100.04930.03550.0287
17.00—17.490.09120.04950.03570.0289
17.50—17.990.09140.04970.03590.0292
18.00—18.490.09170.04990.03620.0294
18.50—18.990.09190.05020.03640.0296
19.00—19.490.09210.05040.03660.0299
19.50—19.990.09230.05060.03690.0301

TABLE 5

Range within which relevant rate of interest falls %
Contribution period in years
12345
5.00—5.490.08600.04430.03040.02350.0194
5.50—5.990.08630.04450.03060.02370.0196
6.00—6.490.08650.04480.03090.02390.0198
6.50—6.990.08670.04500.03110.02420.0200
7.00—7.490.08690.04520.03130.02440.0203
7.50—7.990.08720.04540.03150.02460.0205
8.00—8.490.08740.04560.03180.02490.0207
8.50—8.990.08760.04590.03200.02510.0210
9.00—9.490.08780.04610.03220.02530.0212
9.50—9.990.08810.04630.03240.02560.0214
10.00—10.490.08830.04650.03270.02580.0217
10.50—10.990.08850.04680.03290.02600.0219
11.00—11.490.08870.04700.03310.02630.0222
11.50—11.990.08900.04720.03340.02650.0224
12.00—12.490.08920.04740.03360.02670.0226
12.50—12.990.08940.04760.03380.02700.0229
13.00—13.490.08960.04790.03400.02720.0231
13.50—13.990.08980.04810.03430.02740.0234
14.00—14.490.09010.04830.03450.02770.0236
14.50—14.990.09030.04850.03470.02790.0239
15.00—15.490.09050.04880.03500.02820.0241
15.50—15.990.09070.04900.03520.02840.0244
16.00—16.490.09100.04920.03540.02870.0246
16.50—16.990.09120.04940.03570.02890.0249
17.00—17.490.09140.04970.03590.02910.0251
17.50—17.990.09160.04990.03610.02940.0255
18.00—18.490.09190.05010.03640.02960.0257
18.50—18.990.09210.05040.03660.02990.0260
19.00—19.490.09230.05060.03690.03010.0262
19.50—19.990.09250.05080.03710.03040.0265.

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