The Teachers’ Pensions Regulations 2010

Contributions for current period: elections made under regulation C9 of the 1997 Regulations

11.—(1) Despite the revocation of Schedule 3 to TPRAR 2006, regulation C9 of TPR 1997 continues to have effect in relation to elections made under that regulation before 28th February 2007.

(2) Where regulation C9 of TPR 1997 continues to have effect by virtue of sub-paragraph (1) it has effect as if,—

(a) for paragraph (7)b) there were substituted—

“(b) the percentage is the aggregate of the rates of contributions determined under paragraph 2 or 3 (employees’ contributions) and the rates of contributions determined under paragraph 4 (employers’ contributions) of Schedule 3 to the Teachers’ Pensions Regulations 2010.”, and

(b) for paragraph (9) there were substituted—

“(9) A late payment of contributions may for special reasons be accepted by the Secretary of State; but if a late payment is accepted the person is to pay interest on the amount of the contribution at—

(a) 4% per annum compounded with yearly rests, where the due date for payment was before the commencement date, or

(b) the standard rate where the due date for payment is on or after the commencement date

from the due date for payment to the date of payment.

(9A) In paragraph (9) “the commencement date” and “the standard rate” (in the context of interest) have the same meanings as in the Teachers’ Pensions Regulation 2010.”