http://www.legislation.gov.uk/uksi/2014/512/regulation/203The Teachers' Pension Scheme Regulations 2014texttext/xmlenStatute Law DatabasePUBLIC SERVICE PENSIONS, ENGLAND AND WALESEDUCATION, ENGLAND AND WALES2024-05-16Expert Participation2024-04-06 These Regulations establish a career average re-valued earnings scheme for the payment of pensions and other benefits to and in respect of teachers in England and Wales. PART 10 TransfersCHAPTER 2Transfers on a cash equivalent basisSECTION 2<Emphasis>Transfers out</Emphasis>Payment of a transfer value2031On receipt of the application under regulation 202, the scheme manager must make a transfer value payment in respect of P.2A member of this scheme may only require the scheme manager to use a transfer value in a way specified in section 95(2) of PSA 1993.3The whole of the transfer value must be applied.4A transfer value payment in respect of a member's accrued rights under this scheme may only be made to the receiving scheme.5A transfer value payment in respect of any pension credit rights or pension credit benefits must not be made under this regulation.6If a transfer value payment is made in respect of a person's rights under this scheme, those rights are extinguished.Word in reg. 203(1) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652), regs. 1, 21
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<dc:title>The Teachers' Pension Scheme Regulations 2014</dc:title>
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<dc:subject scheme="SIheading">PUBLIC SERVICE PENSIONS, ENGLAND AND WALES</dc:subject>
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<dc:description>These Regulations establish a career average re-valued earnings scheme for the payment of pensions and other benefits to and in respect of teachers in England and Wales.</dc:description>
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<Emphasis>Transfers out</Emphasis>
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On receipt of the application under regulation 202, the scheme manager
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<Text>A transfer value payment in respect of a member's accrued rights under this scheme may only be made to the receiving scheme.</Text>
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Word in
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substituted (1.4.2015) by
<Citation URI="http://www.legislation.gov.uk/id/uksi/2014/2652" id="cqm35hgz3-00007" Class="UnitedKingdomStatutoryInstrument" Year="2014" Number="2652" Title="The Teachers Pension Scheme (Amendment) Regulations 2014">The Teachers Pension Scheme (Amendment) Regulations 2014 (S.I. 2014/2652)</Citation>
,
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,
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