# The Local Government Pension Scheme Regulations 1995, Paragraph 3


(1) Subject to paragraph 4, where any sum in the nature of a capital payment has been paid or is payable at any time under the Teachers' Acts or the Teachers' regulations, then in computing the reduction to be made under paragraph 2(1)—
(a) the amount of that sum shall be divided by the appropriate factor, and
(b) the resulting amount shall be treated as a sum receivable by him in any year by virtue of the Teachers' Acts or the Teachers' regulations.
(2) Subject to paragraph 4, where any sum which represents a return of contributions in respect of a period of service which has been taken into account in calculating the amount of the retirement pension, has been paid or is payable at any time under the Teachers' Acts or the Teachers' regulations, then in computing the reduction to be made in a person’s retirement pension under paragraph 2(1)—
(a) the amount which he has become entitled to be repaid at the date on which he became entitled to the pension shall be divided by the appropriate factor,
(b) the amount representing any balance of his contributions under the Teachers' Acts or the Teachers' regulations which he may become entitled to be repaid after that date shall be divided by the appropriate factor, and
(c) any amount resulting from the division under paragraph (a) or (b) shall be treated as a sum receivable by him by virtue of the Teachers' Acts or payable to him by virtue of the Teachers' regulations in any year.
(3) In this paragraph “the appropriate factor” in relation to any person means the factor shown in the following Table—
(a) in relation to the sex of the person,
(b) in relation to his age at the relevant date; and
(c) according to whether he ceased to be employed—
(i) in the circumstances mentioned in regulation D7(1), or
(ii) in the circumstances mentioned in regulation D5, D6, D9 or D11;
and the factors for the case mentioned in paragraph (c)(i) are shown in the column marked “A”, and those for the cases mentioned in paragraph (c)(ii) are shown in the column marked “B”.
(4) In sub-paragraph (3) “the relevant date” means—
(a) in relation to sub-paragraph (1), the date on which the sum was paid or becomes payable,
(b) in relation to sub-paragraph (2)(a), the date on which he became entitled to the retirement pension, and
(c) in relation to sub-paragraph (2)(b), the date on which he becomes entitled to be repaid the balance of his contributions.
TABLE
Age
Factor
Men
A
B
Women
A
B
Under 60 years…
10
—
12.5
—
60 years but under 61 years…
10
11.6
12.5
13.4
61 years but under 62 years…
10
11.2
12.5
13
62 years but under 63 years…
10
10.8
12.5
63 years but under 64 years
10
10.4
12.1
64 years but under 65 years
10
11.7
65 years but under 66 years
9.7
11.2
66 years but under 67 years
9.3
10.8
67 years but under 68 years
8.9
10.3
68 years but under 69 years
8.5
9.9
69 years but under 70 years
8.1
9.5
70 years but under 71 years
7.7
9

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Source: https://www.legislation.gov.uk/uksi/1995/1019/schedule/D6/paragraph/3 (the official version)
Page: https://openlegislation.uk/local-government-pension-scheme-regulations-1995/schedule-D6/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.