PART 5Retirement Benefits for Teachers
CHAPTER 2Age retirement
Meaning of “entitlement day” (age retirement pension)85.
(1)
The entitlement day for an age retirement pension is as follows.
(2)
If a person (P) is qualified for retirement benefits, the entitlement day is the earliest of the following—
(a)
if P is in pensionable service on the day on which P reaches normal pension age—
(i)
the day after P leaves all pensionable service; or
(ii)
the day on which P reaches 75; and
(b)
if P is not in pensionable service on the day on which P reaches normal pension age, the day on which P reaches normal pension age.
(3)
If P is re-qualified for retirement benefits, the entitlement day is the earliest of the following—
(a)
if P is in pensionable service on the date of application, the day after P leaves all pensionable service;
(b)
if P has left all pensionable service on the date of application, such day as P specifies in the application, which must be no earlier than 6 weeks after the date of application;
(c)
the date of P's 75th birthday.
(4)
In this regulation, “date of application” means the day on which P applies for the payment of an age retirement pension.