The Teachers' Superannuation (Scotland) Regulations 2005

11.—(1) Subject to sub-paragraph (2), where payment is to be made by Method A the payment period is to be ascertained from, or where the period in respect of which the election was made is not an exact number of years by extrapolation from, Table 5 below.

TABLE 5

	Period in years for which contributions are to be paid in respect of each year of period specified in election
Rate of Contributions	Election under paragraph 9(1)	Election under paragraph 9(2)
1 per cent	1.45	0.42
2 per cent	0.69	0.20
3 per cent	0.46	0.14
4 per cent	0.33	0.10
5 per cent	0.27	0.08
6 per cent	0.22	0.07
7 per cent	0.18	0.06
8 per cent	0.16	0.05
9 per cent	0.14	0.04

(2) If the period ascertained in accordance with sub paragraph (1) (“the Table period”) does not end with the last day of a month, the payment period ends with the last day of the month in which the Table period ends.

(3) Where payment is to be made by Method B the lump sum payable, which must be payable within 3 months after its amount is notified by the Scottish Ministers, is–

(a) for each year of service in respect of which an election was made under paragraph 9(1), 1.25 per cent, and

(b) for each year of service in respect of which an election was made under paragraph 9(2), 0.4 per cent,

of the appropriate amount, and pro rata for any period of less than a year.

(4) The appropriate amount is–

(a) where the woman was in pensionable employment when the election took effect, the annual rate of her salary at that time; and

(b) in any other case, her pensionable salary.