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The Teachers' Pension Scheme Regulations 2014

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Point in time view as at 20/12/2023.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 4. Help about Changes to Legislation

Limit on electionsE+W

This section has no associated Explanatory Memorandum

4.—(1) The scheme manager must not accept an additional pension election or a faster accrual election in relation to a member (P) at any time if—

(a)the scheme manager has accepted a buy-out election from P; and

(b)the buy-out value at that time exceeds the overall amount of extra pension at that time.

(2) The scheme manager must not accept an additional pension election or a faster accrual election that would result in the amount of extra pension exceeding the overall amount of extra pension.

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