The Teachers’ Pensions Regulations 2010

Retirement benefits qualification service

55.—(1) The retirement benefits qualification service of a person (T) is the total of the following—

(a) any period spent by T in pensionable employment;

(b) any period counting as reckonable service under regulation 41(1)(c),(d),(e) or (f) (reckonable service);

(c) any period of employment in respect of which the Secretary of State has accepted a transfer value;

(d) any period of comparable British service;

(e) any period of admitted service;

(f) any period of specified country service;

(g) any period of employment which is pensionable for the purposes of the Universities Superannuation Scheme(1);

(h) where T was given, but did not take, the opportunity to transfer T’s past service pension rights under regulation 36, any period of employment which would have counted as T’s retirement benefits qualification service under sub-paragraph (c) if the transfer value in respect of such rights had been accepted by the Secretary of State.

(2) But T’s retirement benefits qualification service does not include—

(a) any contributions refund period;

(b) any period in respect of which a transfer value has been paid;

(c) any period in respect of which a cash equivalent has been paid.

(1)

The Universities Superannuation Scheme was established by a Declaration of Trust of 2nd December 1974 and is currently governed by a Declaration of Trust of 7th February 1994 and the rules adopted by the Deed of Consolidation of 1st October 2003 and subsequently amended by deeds of amendment.