Lump sum or monthly payments
- Pay employer additional pension contributions as a lump sum
UK Statutory Instrument
2014
United Kingdom
The Teachers' Pension Scheme Regulations 2014
At a glance
What's here
3 compliance obligations
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 145 other Schedules — structural / supplementary
Interpretation
Teacher employed— (a) in an Academy school, alternative provision Academy,...
Teacher employed by the proprietor of, or by anyone else...
Accepted phased withdrawal member employed by the proprietor of, or...
Teacher employed by a function provider in connection with the...
Teacher employed by the proprietor of, or by anyone else...
Teacher employed by the governing body (as defined in section...
Teacher employed by a university established on or after 6th...
Teacher employed by the proprietor of— (a) a community home...
Teacher employed by a local authority or by a voluntary...
Teacher employed by the Secretary of State or the Welsh...
Teacher employed for the purpose of instructing, training or superintending...
Meaning of “accepted school”
Teacher employed by the Secretary of State in a European...
Organiser employed as a youth and community worker by a...
Teacher employed by the Field Studies Council.
Teacher employed by the National Institute of Teaching.
An accepted member employed by an accepted employer.
Teacher employed by the proprietor of an institution for the...
Teacher, supervisor or youth worker employed for the purposes of...
Organiser employed by— (a) a diocesan board of education established...
Teacher employed in, or in connection with, an establishment for...
Teacher employed by a person to whom grants are made...
Organiser employed by— (a) Sport England; (b) Sport Wales;
Accepted phased withdrawal school
Accepted function providers
Organiser employed as a youth and community worker by a...
Organiser employed by— (a) Action for Blind People;
Teacher employed by a university who was employed by an...
Teacher or organiser employed by a body formerly falling within...
Teacher employed by the proprietor of, or anyone else concerned...
Teacher employed in the Lycée Français Charles de Gaulle de...
Interpretation
Meaning of “accepted member”
Meaning of “accepted employer”
Obligations of an accepted employer
Ceasing to be an accepted employer
Teacher employed by— (a) a local authority in connection with...
Interpretation of Schedule
Accepting an additional pension election
Determination of contributions payable
Lump sum contributions: payment of contributions and credit of additional pension
Refund of lump sum contribution
Application of Chapter
Payment of contributions
Member leaves all pensionable service before end of contributions payment period
Retirement pension (other than ill-health pension) becomes payable before end of contributions payment period
Revoking an additional pension election
Ill-health pension becomes payable before end of contributions payment period
Meaning of “amount of extra pension”
Death in service before end of contributions payment period
Member leaves all pensionable service before qualifying for retirement benefits
Faster accrual election
Making a faster accrual election
Accepting a faster accrual election
Determination of contributions payable
Payment of contributions
Revoking a faster accrual election
Member leaves all pensionable service before qualifying for retirement benefits
Eligible to make buy-out election
Meaning of “overall amount of extra pension”
Making a buy-out election
Accepting a buy-out election
Determination of the buy-out value
Determination of contributions payable
Payment of buy-out contributions
Monthly payments during gap in service
Revoking a buy-out election
Member leaves all pensionable service before qualifying for retirement benefits
Limit on elections
Actuarial advice
Election to pay contributions for additional pension
Annual rate of additional (self only) pension
Making an additional pension election
Interpretation
Exception for full protection member during protection period
Exception for Fair Deal full protection member during protection period
Full protection member not eligible to join this scheme
Meaning of “tapered protection member”
Active members of the existing scheme
Active members of an existing public service scheme
Fair Deal members
Exception for tapered protection members during protection period
Exception for Fair Deal tapered protection member during protection period
Tapered protection member not eligible to join this scheme
Active membership of the existing scheme
Meaning of “transition member”
Active members of the existing scheme
Fair Deal members
Transition members with continuity of service
Transition members without continuity of service
Application of Part
Member with full protection
Member with tapered protection or no protection
Application of Part
Accepting a bulk transfer payment
Gap in service after scheme closing date
Reaching normal pension age
Application of existing scheme regulations
Determination of final salary
Annual rate of pension
Application for payment of age retirement pension
Application for payment of phased retirement pension
Application for payment of premature retirement pension
Application for payment of early retirement pension
Application for payment of ill-health pension
Transition member who has not reached normal pension age under the existing scheme
Transition member in receipt of an ill-health pension who has reached normal pension age under the existing scheme
Entitlement to payment of total incapacity pension
Calculation of retirement benefits after ill-health pension ceases to be payable: modification
Reduction of ill-health pension and total incapacity pension
Meaning of “tapered protection closing date”
Entitlement to payment of a short-service serious ill-health grant
Application for payment of a surviving adult pension
Calculation of a short-term surviving adult pension of a surviving adult of a transition member
Long-term rate of a surviving adult pension of a surviving adult of a transition member
Reduction of surviving adult pension
Application for payment of an additional (surviving adult) pension
Application for payment of a child pension
Calculation of a short-term child pension of an eligible child of a transition member
Rate of a long-term child pension of an eligible child of a transition member
Reduction of child pension
Application for payment of a death in service grant
Application for payment of a death out of service grant
Application for supplementary death grant
Application for payment of benefits for pension credit members
Election for employment not to be pensionable in relation to existing scheme continues to have effect
Qualifying for retirement benefits under the existing scheme
Continuity of service
Repayment of balance of contributions
Residential emoluments
Transfer payments in respect of the existing scheme
Nomination continues to have effect
Election to pay contributions by a person serving in a reserve force
Commutation: small pensions
Meaning of “full protection member”
Active members of the existing scheme
Active members of an existing public service scheme
Fair Deal members
Scheme valuation report
Employer cost cap
Breach of employer cost cap margins
Teachers’ Pension Scheme Advisory Board report
Action by the responsible authority
Timescale for action
Deduction of contributions from pensionable earnings
- Deduct pension contributions from teachers' pay each pay period
Employment records
- Keep employment records and report to the Teachers' Pension Scheme manager
Browse 225 other sections — procedural / definitional / commencement
Citation, extent and commencement
Establishment of Teachers' Pension Scheme 2015
Interpretation
Connected schemes
Leaving pensionable service
Leaving eligible employment
Scheme manager
Establishment of pension board
Membership of pension board
Conflict of interest
Establishment of scheme advisory board
Membership of scheme advisory board
Conflict of interest
Meaning of “an eligible employment”
Meaning of “P's automatic enrolment date” and “P's automatic re-enrolment date”
Meaning of “full-time” and “part-time” employment
Meaning of “irregular employment”
Meaning of “opt-out notice” and “opt-in notice”
Eligibility for active membership
More than one employment
Dual capacity membership
Payment of retirement benefits to dual capacity members
Service not pensionable unless member is entitled to pay
Service not pensionable unless members' contributions are paid
Pensionable service – armed forces service
Election for armed forces service to be pensionable
Pensionable service on or after automatic enrolment date
Opting out of this scheme after automatic enrolment date
Opting into this scheme after automatic enrolment date
Pensionable service before automatic enrolment date
Opting out of this scheme before automatic enrolment date
Opting into this scheme before automatic enrolment date
Interpretation
Pensionable earnings for school teachers
Pensionable earnings for other members
Amounts not forming part of pensionable earnings
Application for residential benefits in kind to form part of pensionable earnings
Money value of residential benefits in kind to form part of pensionable earnings
Pensionable earnings for the purpose of accruing benefits
Multiple regular full-time or part-time employments
Multiple employments including at least one irregular employment
Interpretation
Pensionable service
Meaning of “leaver index adjustment”
Meaning of “leaver PIA index adjustment”
Calculation of amount of accrued pension for purposes of deferment or full retirement
Calculation of amount of accrued pension for purpose of phased retirement
Establishment of pension accounts: general
Closure of pension accounts on transfer out or repayment of balance of contributions
Establishment of active member's account
Receipt of transfer values
Receipt of club transfer values
Account to specify amount of pension for a financial year
Account to specify opening balance and index adjustment
Ill-health pension ceases to be payable
Phased retirement pension ceases to be payable
Establishment of additional pension account
Account to specify amount of additional pension
Account to specify opening balance and PIA index adjustment
Ill-health pension ceases to be payable
Phased retirement pension ceases to be payable
Establishment of deferred member's account
Account to specify amount of accrued earned pension and leaver index adjustment
Deferred member's account closed after break not exceeding 5 years
Deferred member's account closed after service under another public service scheme
Deferred member's account remains open after a gap in service of more than 5 years
Deferred member's account established after ill-health pension ceases to be payable
Deferred member's account established after phased retirement pension ceases to be payable
Meaning of “full retirement earned pension”
Meaning of “full retirement additional pension”
Meaning of “phased retirement earned pension”
Meaning of “phased retirement additional pension”
Meaning of “standard reduction”
Meaning of “actuarial adjustment”
Meaning of “conversion amount”
Pension accounts for active or deferred members who become pensioner members
Pension accounts for phased retirement members
Ill-health pension ceases to be payable
Phased retirement pension ceases to be payable
Pension credit member's pension account
Separate account for each capacity of membership
Qualifying for retirement benefits
Re-qualifying for retirement benefits in respect of post-benefit service
Payment of retirement benefits for post-benefit service
Meaning of “entitlement day” (age retirement pension)
Entitlement to age retirement pension
Annual rate of age retirement pension
Arrears of pension payable to deferred member who becomes pensioner member after reaching normal pension age
Interpretation of Chapter
The reduced annual rate condition
The new employment condition
Meaning of “entitlement day” (phased retirement pension)
Entitlement to phased retirement pension
Phased retirement applications
Phased retirement proportion
Annual rate of phased retirement pension
Cessation of phased retirement pension
Subsequent phased retirement applications
Interpretation of “pensionable service”
Meaning of “entitlement day” (premature retirement pension)
Entitlement to premature retirement pension
Annual rate of premature retirement pension
Meaning of “entitlement day” (early retirement pension)
Entitlement to early retirement pension
Annual rate of early retirement pension
Interpretation
Incapacity definitions
Ill-health applications
Entitlement day for ill-health pension
Entitlement to ill-health pension
No entitlement to ill-health pension
When ill-health pension does not become payable
When ill-health pension is taken to become payable before death of member: commutation of whole pension (serious ill-health)
Annual rate of ill-health pension
When ill-health pension ceases to be payable
Meaning of “entitlement day” (total incapacity pension)
Entitlement to total incapacity pension
Annual rate of total incapacity pension
Cessation of total incapacity pension
Application for payment of grant
Meaning of “entitlement day” (short-service serious ill-health grant)
Entitlement to short-service serious ill-health grant
Amount of grant
Meaning of “entitlement day” (short-service annuity)
Entitlement to short-service annuity
Annual rate of short-service annuity
General
Meaning of “dies in service”
Meaning of “dies out of service”
Meaning of “dies as a pensioner member”
When a retirement pension does not become payable
Payment of survivor benefits for post-benefit service
Death of a dual capacity member
Meaning of “death grant beneficiary”
Meaning of “surviving adult”
Surviving qualifying partner
Meaning of “surviving nominated beneficiary”
Meaning of “eligible child”
Payment of death grant
Death in service grant
Death out of service grant
Supplementary death grant payable on death of pensioner member
Pension protection lump sum death benefit
Surviving adult pensions
Annual rate of surviving adult pension: short-term
Annual rate of surviving adult pension: long-term
Enhancement of surviving adult pension
Additional pensions for surviving adults
Annual rate of additional (surviving adult) pension: short-term
Annual rate of additional (surviving adult) pension: long-term
Entitlement to child pension
Annual rate of child pension: short-term
Annual rate of child pension: long-term
Enhancement of child pension
Interpretation
Entitlement day for pension credit retirement pension
Entitlement to pension credit retirement pension
Annual rate of pension credit retirement pension
Meaning of death grant beneficiary
Death grant: death of pension credit member before pension becomes payable
Death grant: death of pension credit member after benefits payable
Payment of death grant
Benefits payable by the scheme manager
Application for payment of benefits
Interpretation
Monthly payment of pension
Quarterly payment of pension
Apportionment Act 1870 not to apply
Member declaration
Conversion of part of pension
Amount of lump sum payable under regulation 168
Conversion amount
Commutation of whole pension (serious ill-health)
Amount of lump sum payable under regulation 171 instead of retirement pension
Amount of lump sum payable under regulation 171 instead of a pension credit retirement pension
Commutation: small pensions
Evidence of continuing entitlement to benefit
Cessation of benefits where no entitlement
Recovery of overpayment of benefits
Interest on late payment of benefits
Payment of benefits in certain cases
Benefits not assignable
Forfeiture of benefits
Reduction of benefits: annual allowance and lifetime allowance charge
General prohibition on unauthorised payments
Pensionable earnings for a pay period
Members' contributions
Contributions under Schedule 2
Contributions payable during a period of permanent service in the armed forces
Meaning of “entitlement day” (repayment of balance of contributions)
Entitlement to repayment of balance of contributions
Application for repayment of balance of contributions
Calculation of balance of contributions
Employers' contributions
Deductions not made before an employment ends
Recovery of unpaid contributions from benefits
Payment by employers to scheme manager
Application of Part
Interpretation of Part
Application of Chapter
Application of this Section
Application for a statement of entitlement
Application for payment of a transfer value
Payment of a transfer value
Application for acceptance of a transfer value
Acceptance of a transfer value
Amount of transferred pension
Application of Chapter
Application of this Section
Application for a club transfer statement of entitlement
Application for payment of a club transfer value
Payment of a club transfer value
Application for acceptance of a club transfer value
Acceptance of a club transfer value
Amount of club transfer earned pension
Application of Chapter
Making a bulk transfer payment
Application of Chapter
Accepting a bulk transfer payment
Information and documents
Provision of benefit information statements to members
Extension of time
Guaranteed minimum pension
Transitional provisions
Scheme valuation and employer cost cap
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