The Teachers' Superannuation (Scotland) Amendment (No. 2) Regulations 2006
Citation and commencement
1.
These Regulations may be cited as the Teachers' Superannuation (Scotland) Amendment (No. 2) Regulations 2006 and shall come into force on 29th January 2007, but–
(a)
regulation 4 and regulation 2 (so far as relevant to regulation 4) shall have effect from 14th June 2006; and
(b)
regulations 3 to 7 and regulation 2 (so far as relevant to regulation 3) shall have effect from 2nd December 2006.
Amendment of the Teachers' Superannuation (Scotland) Regulations 2005
2.
3.
In regulation C2 (Salary on which contributions are payable – election)–
(a)
in paragraph (1)(a), after “reduced” insert “before 2nd December 2006”; and
(b)
in paragraph (1)(b), after “(“employer A”)” insert “before 2nd December 2006”.
4.
In regulation E23 (Commutation: exceptional circumstances of ill-health)–
(a)
in paragraph (1) omit “in respect of so much of that pension as exceeds the teacher’s guaranteed minimum”;
(b)
(c)
“(2)
The lump sum is an amount equal to five times the annual rate of the retirement pension.”.
Amendment of the Teachers (Compensation for Premature Retirement and Redundancy) (Scotland) Regulations 1996
5.
6.
In regulation 16A(1) (Teachers to whom Part IIIA applies) omit “and who is not entitled to payment of retiring allowances under regulation E5(1) of the Superannuation Regulations”.
7.
“16B.
The employer may pay to a teacher to whom this Part applies compensation which shall not exceed (A−B), where–
A is a sum equivalent of 66 weeks' pay, and
B is the aggregate of–
- (a)
any redundancy payment to which the teacher is entitled under Part XI of the 1996 Act6; and- (b)
any compensation which is paid to him under Part III of these Regulations (additional compensation for redundancy).”.
Amendment of the Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995
8.
“(1)
Except as provided in paragraph (2) the Scottish Ministers shall, on application by a person who has ceased to be a contributor by virtue of regulation 8(2)(b), (c) or (d), pay a transfer value representing the value of investments made under regulation 9(1) or 10(2) to any other registered pension scheme in which the person may be participating (provided that the other pension scheme is willing and able to accept such a transfer).
(2)
A transfer value shall not be payable under paragraph (1)–
(a)
in respect of a person who has ceased to be a contributor by virtue of regulation 8(2)(b), if the person ceased to be a contributor before 29th January 2007 and has not become a contributor again since that date; or
(b)
in respect of a person who has ceased to be a contributor by virtue of regulation 8(2)(c) or (d) and who ceased to be in pensionable employment before 30th June 2006, unless that person has applied for a transfer value under regulation G1 of the Superannuation Regulations.”.
St Andrew’s House,
Edinburgh
We consent
These Regulations make further amendments to the Teachers' Superannuation (Scotland) Regulations 2005 (“the 2005 Regulations”), the Teachers (Compensation for Premature Retirement and Redundancy) (Scotland) Regulations 1996 (“the 1996 Regulations”) and the Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995 (“the AVC Regulations”).
Regulation 3 amends regulation C2 of the 2005 Regulations which allows a teacher aged 50 or above whose salary is reduced or who takes up employment at a lower salary to elect that contributions should continue to be paid on the salary before the reduction. The effect of the amendment is that regulation C2 only applies where the reduction in salary or the taking up of employment at a lower salary occurs before 2nd December 2006.
Regulation 4 amends regulation E23 so that where a pension is commuted in exceptional circumstances of serious ill-health the whole pension, rather than so much of it as exceeds the teacher’s guaranteed minimum, is commuted. This amendment has effect from 14th June 2006, which is the date that the Occupational Pension Schemes (Contracting-Out) (Amendment) Regulations 2006 came into force. Those Regulations allow the payment of a guaranteed minimum as a lump sum in circumstances of serious ill-health.
Regulation 6 amends regulation 16A(1) of the 1996 Regulations to remove the requirement that regulation 16B, which provides for discretionary compensation on the termination of employment, only applies to teachers who are not entitled to retirement benefits under the 2005 Regulations. Under the substituted regulation 16B (substituted by regulation 7) the maximum compensation which can be paid is 66 weeks pay, less any redundancy payments to which the teacher is entitled and any compensation paid under Part IIIA of the regulations. These amendments have effect from 2nd December 2006.
Regulation 8 amends regulation 11 of the AVC Regulations to extend the circumstances under which an outward transfer value may be paid. This amendment has effect from 29th January 2007.
The powers to make the provisions in regulations 2 to 7 with retrospective effect are found in section 12(1) and 24(3)(c) of the Superannuation Act 1972.