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The Teachers' Superannuation (Scotland) Amendment Regulations 2007
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- Scottish Statutory Instruments
- 2007 No. 189
- Regulation 111
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Amendment of Teachers' Superannuation (Additional Voluntary Contributions) (Scotland) Regulations 1995
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111.—(1) Regulation 16 (payment by Scottish Ministers) is amended as follows.
(2) In paragraph (2A) at the beginning insert “Subject to paragraphs (2B) and (2C)”.
(3) After paragraph (2A) insert the following–
“(2B) The Scottish Ministers may, before paying any lump sum as mentioned in regulation 12(1A) require the person to whom the payment is to be made to provide a declaration as specified in paragraph (2C) by a date determined by the Scottish Ministers.
(2C) The declaration is a declaration in a form specified by the Scottish Ministers, signed by that person, to the effect that paragraph 3A of Schedule 29 to the 2004 Act does not apply.
(2D) Where no such declaration is received by the Scottish Ministers by the date referred to in paragraph (2B) the Scottish Ministers may treat the election under regulation 12 for a lump sum benefit as of no effect, and may apply the amount of the lump sum to the purchase of a pension policy from the insurance company referred to in regulation 9 to provide such benefits as appear to them to be suitable.”.
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