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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Point in time view as at 20/12/2023.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 5. Help about Changes to Legislation

[F1Action by the responsible authorityE+W

This section has no associated Explanatory Memorandum

5.  On receipt of the Teachers’ Pension Scheme Advisory Board’s report, the responsible authority, in consultation with the scheme actuary and with such persons as the responsible authority considers appropriate, must—

(a)review any recommendations put forward in that report; and

(b)either—

(i)if agreement has been reached, and the responsible authority accepts the proposed procedure, implement the procedure agreed between the members of the Teachers’ Pension Scheme Advisory Board; or

(ii)if the responsible authority does not agree with any agreement reached, or if agreement has not been reached, make such change to the standard accrual rate as in the opinion of the scheme actuary is necessary to bring the cost cap cost of the scheme into line with the employer cost cap.]

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