The Teachers' Pension Scheme Regulations 2014

Amount of lump sum payable under regulation 171 instead of a pension credit retirement pensionE+W

This section has no associated Explanatory Memorandum

173.—(1) This regulation applies to a member (P) who applies under regulation 171 to receive a lump sum instead of a pension credit retirement pension.

(2) The amount of the lump sum payable to P is an amount equal to 5 times the annual rate of the pension credit retirement pension.