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The Teachers' Superannuation (Amendment) Regulations 1988

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Definitions in principal Regulations

2.  Regulation 3 of the principal Regulations is amended—

(a)in paragraph (1), by inserting in the appropriate places the following definitions:

“cash equivalent” means a cash equivalent mentioned in sub-paragraph (1) of paragraph 12 of Schedule 1A to the Pensions Act(1), and “part cash equivalent” means the cash equivalent of any part of the benefits mentioned in that sub-paragraph which is prescribed under sub-paragraph (2A) (continuation in employment after termination of pensionable service);;

“club scheme” means a statutory scheme as defined in regulation 80(1)(a) or a scheme for the time being treated, with the agreement of the Treasury, as such a statutory scheme;;

“contracted-out scheme” means a contracted-out scheme within the meaning of Part III of the Pensions Act;;

“contributions equivalent premium” means a premium under section 42 of the Pensions Act(2);;

  • “occupational pension scheme” has the meaning given in section 66(1) of the Pensions Act;;

“the Pensions Act” means the Social Security Pensions Act 1975;;

  • “personal pension scheme” has the meaning given in section 84(1) of the Social Security Act 1986;; and

(b)in paragraph (7)(a)(i), by deleting the words “, special services or extra duties”.

(1)

1975 c. 60; Schedule 1A was inserted by the Social Security Act 1985 (c. 53), Schedule 1, paragraph 3, and amended by the Social Security Act 1986 (c. 50), Schedule 10, paragraphs 29 and 30.

(2)

Section 42 was amended by the Social Security Act 1985, Schedule 5, paragraph 25, and by the Social Security Act 1986, Schedule 10, paragraph 21.

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