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Changes over time for: CHAPTER 3
Timeline of Changes
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No versions valid at: 01/04/2014
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Point in time view as at 01/04/2014. This version of this chapter contains provisions that are not valid for this point in time.
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Changes to legislation:
There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, CHAPTER 3.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Valid from 01/04/2015
CHAPTER 3E+WPension accounts: general
Establishment of pension accounts: generalE+W
48.—(1) The scheme manager must establish and maintain one or more pension accounts for each member of this scheme in accordance with this Part.
(2) A pension account—
(a)may be kept in any form the scheme manager considers appropriate; and
(b)must specify the details required by these Regulations.
(3) References in these Regulations to any amount specified in a pension account are references to the amount that is required by these Regulations to be so specified and not, if different, the amount actually so specified.
Closure of pension accounts on transfer out or repayment of balance of contributionsE+W
49. All pension accounts relating to a member (P) (other than a pension credit member's account) must be closed if—
(a)a transfer payment is made in respect of P's accrued rights under this scheme; or
(b)P is repaid the balance of contributions under regulation 189.
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