# The Teachers' Pension Scheme Regulations 2014, Regulation 125: Annual rate of short-service annuity


The annual rate of a short-service annuity is the actuarial equivalent of the sum of—
(a) all of the members' contributions, faster accrual contributions (if any) and additional pension contributions (if any) in respect of a period of post-benefit service paid up to the date of receipt of the application under regulation 162; and
(b) interest to the date of payment at 3% per year, compounded with yearly rests on those contributions from the first day of the financial year following that in which they were paid.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/125 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-125
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.