The Teachers (Compensation for Redundancy and Premature Retirement) Regulations 2015

Payment of compensation

39.—(1) Compensation, other than lump sum compensation payable under regulation 11 or 20, is to be paid in arrears—

(a) at intervals of one month; or

(b) at such longer intervals as may be agreed between the compensating authority and the recipient.

(2) If compensation ceases to be payable before the next date on which a payment would be due, a proportionate payment is to be made for the period beginning on the day after the period in respect of which the previous payment (if any) was payable ended and ending on the date of cessation (“the period”).

(3) A proportionate payment is a payment of—

where—

A is the annual rate of the compensation;

B is the number of complete months, if any, in the period;

C is the number of days remaining in the period after deducting B;

D is the number of days in the month in which the period ended.

(4) If a person eligible for payment of compensation (“P”) has not attained the age of 18, or is incapable by reason of infirmity of mind or body of managing P’s affairs, the compensating authority may—

(a) pay it to any person having the care of P; or

(b) apply it for the benefit of P or P’s dependents.