Pension Schemes – Re-enactment of the Teachers’ Pensions RegulationsWednesday, April 7th, 2010
With effect from 1 September 2010, the Teachers’ Pensions Regulations 1997 are revoked and replaced with new Regulations that, in addition to drafting amendments, include a number of changes of substance. These include:
- changes to the definition of pensionable employment
- provisions relating to employer and employee contributions
- restrictions on the calculation of average salary
- changes to scheme benefits.
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