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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Pensions Increase (Teachers) Regulations 1974 No. 813 URL: http://www.bailii.org/uk/legis/num_reg/1974/uksi_1974813_en.html |
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Statutory Instruments
PENSIONS
Made
8th May 1974
Laid before Parliament
16th May 1974
Coming into Operation
7th June 1974
The Secretary of State, with the consent of the Minister for the Civil Service, in exercise of the powers conferred on him by sections 1(1), (2) and (4) and 4(1) of the Pensions (Increase) Act 1974, hereby makes the following regulations:-
1.-(1) These regulations may be cited as the Pensions Increase (Teachers) Regulations 1974 and shall come into operation on 7th June 1974.
(2) In these regulations-
"the Act" means
"Wellington College" means
other expressions have the meanings assigned to them by the Teachers' Superannuation Regulations 1967 to 1974.
(3) The Interpretation Act 1889 shall apply for the interpretation of these regulations as it applies for the interpretation of an Act of Parliament.
2. There are hereby prescribed for the purposes of section 1(1) of the Act pensions payable under regulations made or deemed to be made under section 9 of the Superannuation Act 1972 in its application to England and Wales ("prescribed pensions").
3. Pensions payable to or in respect of a teacher in respect of reckonable service ending with such service in Wellington College are pensions as respects which, in the opinion of the Secretary of State, increases in the emoluments relevant for the purpose of calculating the pensions were deferred during the period beginning with 6th November 1972 and ending with 31st March 1973 in consequence of provisions of the Counter-Inflation (Temporary Provisions) Act 1972.
4. The date on which, in the opinion of the Secretary of State, the emoluments relevant for the purpose of calculating any prescribed pension expect the pensions to which Regulation 3 above applies are expected to be increased by the principal pay increase expected to be made, during the year ending with 6th November 1974, in accordance with the code in force under section 2 of the Counter-Inflation Act 1973 at the time of the increase is 1st April 1974.
5. The Act shall have effect in relation to any pension calculated by reference to service in an admitted school with the substitution for any percentage prescribed by the schedule to the Act of the fraction of that percentage of which the numerator is 1 and the denominator is the number of years of such service of the teacher in question.
Given under the Official Seal of the Secretary of State for Education and Science on 7th May 1974.
L.S.
Reginald E. Prentice
Secretary of State for Education and Science
Consent of the Minister for the Civil Service given under his Official Seal on 8th May 1974.
L.S.
K. H. McNeill
Authorised by the Minister for the Civil Service
These Regulations enable pensions payable to or in respect of teachers to be increased under section 1 of the Pensions (Increase) Act 1974, which provides for increases in official pensions affected by the Counter-Inflation (Temporary Provisions, Act 1972 and the Counter-Inflation Act 1973. Regulation 5 amends the Act in relation to service in admitted schools (within the meaning of Part VIII of the Teachers' Superannuation Regulations 1967 (S.I. 1967/489)).
