# The Teachers' Pension Scheme Regulations 2014, Regulation 122: Amount of grant


(1) The amount of a short-service serious ill-health grant is the greater of—
(a) 1/6th of the member's annual rate of pensionable earnings as at the last day of pensionable service; and
(b) the total of the amounts specified in paragraph (2).
(2) The amounts are—
(a) all members' contributions, additional pension contributions, buy-out contributions and faster accrual contributions paid up to the date of receipt of the application under regulation 119, except any paid in respect of a period of pensionable service for which a short-service serious ill-health grant has been paid; and
(b) interest on those contributions from the first day of the financial year following that in which they were paid to the date of payment at 3% per year, compounded with yearly rests.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/122 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-122
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.