http://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/15/2023-12-20The Teachers' Pension Scheme Regulations 2014texttext/xmlenStatute Law DatabasePUBLIC SERVICE PENSIONS, ENGLAND AND WALESEDUCATION, ENGLAND AND WALES2024-05-16Expert Participation2023-12-20 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. SCHEDULE 2Scheme flexibilities PART 2 Additional pension electionCHAPTER 4Additional pension contributions by monthly paymentsPayment of contributions151P must—amake the first monthly payment on or before the start date; andbcontinue to make the monthly payments until the date on which the final monthly payment is due.2The contributions payment period must end before P reaches normal pension age.3If 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.4P is taken to revoke an additional pension election if—aa monthly payment is missed; andbthe payment is not made within 3 months after P receives a written demand from the scheme manager.
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<dc:identifier>http://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/15/2023-12-20</dc:identifier>
<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>
<dc:subject scheme="SIheading">EDUCATION, ENGLAND AND WALES</dc:subject>
<dc:modified>2024-05-16</dc:modified>
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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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<Number>SCHEDULE 2</Number>
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<Title>Scheme flexibilities</Title>
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<Strong>PART 2</Strong>
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<Text>P must—</Text>
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<Pnumber>b</Pnumber>
<P3para>
<Text>continue to make the monthly payments until the date on which the final monthly payment is due.</Text>
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<Pnumber>2</Pnumber>
<P2para>
<Text>The contributions payment period must end before P reaches normal pension age.</Text>
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<Pnumber>3</Pnumber>
<P2para>
<Text>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.</Text>
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<Pnumber>4</Pnumber>
<P2para>
<Text>P is taken to revoke an additional pension election if—</Text>
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<Pnumber>a</Pnumber>
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<Pnumber>b</Pnumber>
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