# The National Health Service Pension Scheme Regulations 2015, Regulation 47: Determination of contributions payable


(1) The scheme manager must, after consultation with the scheme actuary, determine the rate of the monthly payments to be paid in respect of a buy-out election.
(2) The scheme manager—
(a) may determine the rate of the monthly payments by reference to the length of the period between the date of the buy-out election and the date when the member will reach prospective normal pension age; and
(b) may exercise the functions under this paragraph so as to re-determine the rate of the monthly payments during that period.
(3) Unless the scheme manager re-determines the rate, monthly payments following a gap in service not exceeding 5 years are the same as before the gap.

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Source: https://www.legislation.gov.uk/uksi/2015/94/regulation/47 (the official version)
Page: https://openlegislation.uk/national-health-service-pension-scheme-regulations-2015/regulation-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.