The Teachers' Superannuation (Scotland) Amendment Regulations 1997

Repayment of returned contributions

9.  In regulation C13–

(a) in paragraph (3) the words “of equal amounts” shall be deleted;

(b) after paragraph (3) there shall be inserted the following paragraph:–

“(3A) Instalments are of equal amounts unless in any year the payment of an instalment of an amount equal to that paid in previous years would exceed the limit specified in paragraph (4) and in that event the instalments (and the corresponding period over which they are payable) shall be recalculated so that they do not exceed that limit.”.

(c) for paragraph (4) there shall be substituted the following paragraph:–

“(4) The annual amount of instalments paid under paragraph (3) is to be such that

does not exceed 15% of the annual rate of the person's contributable salary in the year where–

A is the annual amount of the instalments; and

B is the annual amount of other contributions paid under Part C (except any treated for the purposes of regulation G4 as employer’s contributions) or towards the provision of a pension otherwise than under these Regulations. ”.