PART 5Retirement Benefits for Teachers
CHAPTER 3Phased retirement
The new employment condition91.
A person (P) meets the new employment condition if—
(a)
P leaves all eligible employment;
(b)
within 6 months after leaving all eligible employment, P enters a new eligible employment; and
(c)
on the day after the entitlement day referred to in regulation 92 the reduced annual rate of P's pensionable earnings in the new employment does not exceed 80% of the average annual rate of P's pensionable earnings for the last 6 months of the previous employment.