# The Teachers' Pension Scheme Regulations 2014, Regulation 173: Amount of lump sum payable under regulation 171 instead of a pension credit retirement pension


(1) This regulation applies to a member (P) who applies under regulation 171 to receive a lump sum instead of a pension credit retirement pension.
(2) The amount of the lump sum payable to P is an amount equal to 5 times the annual rate of the pension credit retirement pension.

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Source: https://www.legislation.gov.uk/uksi/2014/512/regulation/173 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/regulation-173
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.