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The Teachers' Pension Scheme Regulations 2014

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Changes over time for: Section 168

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Point in time view as at 05/04/2015.

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There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Section 168. Help about Changes to Legislation

Conversion of part of pensionE+W

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168.—(1) The following members may apply to the scheme manager to receive a lump sum in place of part of a pension—

(a)a member who is entitled to payment of a retirement pension;

(b)a pension credit member who is entitled to payment of a pension credit retirement pension.

(2) Paragraph (1)(b) only applies if—

(a)the member's pension credit is derived from rights attributable to the pensionable service of a pension debit member; and

(b)a retirement pension does not become payable to the pension debit member before the day on which a pension-sharing order takes effect in respect of that pensionable service.

(3) An application under this regulation must—

(a)be in writing;

(b)be made when the member applies under regulation 162 for payment of the pension; and

(c)specify—

(i)the amount of the lump sum which the member wishes to receive; or

(ii)the conversion amount.

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