The Teachers’ Pension Scheme (Scotland) Regulations 2014

CHAPTER 2 Payment of pensions

Payment of pension

160.—(1) This regulation applies to the payment of a pension.

(2) A pension is normally to be paid monthly, but—

(a) may, on the application of the person entitled to it, be paid quarterly; or

(b) may be paid in such instalments and at such intervals as the scheme manager may think appropriate.

(3) Where payment of any such sum is due in respect of a period which is less than the interval at which it is payable—

(a) the amount payable in respect of each complete month of the period shall be 1/12th of the annual rate of the sum; and

(b) the amount payable in respect of a period of less than 1 complete month shall be—

(4) In paragraph (3)(b)—

(a) A is the annual rate of the pension;

(b) B is the number of days in respect of which the benefit is payable; and

(c) C is the total number of days in the month in which the days in B fall.