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The Teachers' Pension Scheme Regulations 2014

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Changes over time for: Paragraph 15

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Point in time view as at 20/12/2023.

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There are currently no known outstanding effects for the The Teachers' Pension Scheme Regulations 2014, Paragraph 15. Help about Changes to Legislation

Payment of contributionsE+W
This section has no associated Explanatory Memorandum

15.—(1) P must—

(a)make the first monthly payment on or before the start date; and

(b)continue to make the monthly payments until the date on which the final monthly payment is due.

(2) The contributions payment period must end before P reaches normal pension age.

(3) If the scheme manager re-determines the amount of the monthly payment during the contributions payment period, P must pay the re-determined amount from the beginning of the next financial year.

(4) P is taken to revoke an additional pension election if—

(a)a monthly payment is missed; and

(b)the payment is not made within 3 months after P receives a written demand from the scheme manager.

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