PART 5Retirement Benefits for Teachers

CHAPTER 3Phased retirement

Entitlement to phased retirement pension93.

(1)

A person (P) is entitled to payment of a phased retirement earned pension from the entitlement day if—

(a)

P has reached normal minimum pension age but has not reached 75;

(b)

P is qualified or re-qualified for retirement benefits;

(c)

P meets the reduced annual rate condition or the new employment condition;

(d)

P has made a phased retirement application; and

(e)

P has not applied under regulation 162 for payment of any other retirement pension.

(2)

P is entitled to payment of a phased retirement additional pension from the entitlement day if P has applied under regulation 94 to receive an additional pension with the phased retirement earned pension.

(3)

Subject to regulation 97, a phased retirement pension is payable for life.