PART IIIPOLICY SCHEMES
20. In this Part “policy scheme service” has the meaning that was given in regulation 3(2) of the Teachers' Superannuation (Policy Schemes) Regulations 1979(1) (“the 1979 Regulations”).
21. For the purposes of regulation C3(1) (case in which additional contributions may be paid for past period), if the person’s policy scheme service began before he first became employed in pensionable employment he is to be treated as having first become so employed when his policy scheme service began.
22. For the purposes of regulation E3 (qualification for retirement benefits), paragraph 1 of Schedule 9 has effect as if his policy scheme service had been pensionable employment beginning after 5th April 1988.
23. For the purposes of regulation E6 (amount of retirement lump sum), his policy scheme service is to be treated as reckonable service after 30th September 1956.
24. Only 9/10ths of his policy scheme service is effective reckonable service.
25.—(1) For the purposes of paragraphs 1 and 2 of Schedule 3 (maximum length of additional periods), if paragraph 1(2)(a) of Schedule 3 (continuous pensionable employment) applies his adjusted age—
(a)if when he made the election under regulation 4 of the 1979 Regulations he was subject to the policy scheme, is A − C, and
(b)in any other case, is B − C,
where—
A is his age when the election took effect,
B is his age when pensionable employment in continuation of his policy scheme service began, and
C is 9/10ths of his policy scheme service.
(2) If paragraph 1(2)(b) of Schedule 3 applies, his adjusted age for the purposes mentioned in sub-paragraph (1) above is D − (E + F), where—
D is his age at the start of his most recent pensionable employment,
E is the total time spent by him in pensionable employment, and
F is 9/10ths of his policy scheme service.
26.—(1) For the purposes of paragraph 2 (National Insurance modifications), his policy scheme service is to be treated as service after the beginning of July 1948.
(2) No reduction in the amount of his retirement pension is to be made under paragraph 5 or 6 in respect of the period of his policy scheme service.