# The Teachers' Pension Scheme Regulations 2014, Regulation 168: Conversion of part of pension


(1) The following members may apply to the scheme manager to receive a lump sum in place of part of a pension—
(a) a member who is entitled to payment of a retirement pension;
(b) a pension credit member who is entitled to payment of a pension credit retirement pension.
(2) Paragraph (1)(b) only applies if—
(a) the member's pension credit is derived from rights attributable to the pensionable service of a pension debit member; and
(b) a retirement pension does not become payable to the pension debit member before the day on which a pension-sharing order takes effect in respect of that pensionable service.
(3) An application under this regulation must—
(a) be in writing;
(b) be made when the member applies under regulation 162 for payment of the pension; and
(c) specify—
(i) the amount of the lump sum which the member wishes to receive; or
(ii) the conversion amount.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/168 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-168
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.