{
  "url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-1",
  "json_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-1.json",
  "legislation": "uksi/2014/512",
  "legislation_title": "The Teachers' Pension Scheme Regulations 2014",
  "legislation_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014",
  "path": "schedule/2/paragraph/1",
  "kind": "paragraph",
  "number": "1",
  "heading": "Interpretation of Schedule",
  "text": "In this Schedule—\n“additional pension contributions” means contributions for an additional pension;\n“additional pension election” means an election under Chapter 1 of Part 2 of this Schedule;\n“amount of accrued extra earned pension” means the amount of accrued earned pension attributable to a faster accrual election;\n“amount of extra pension” has the meaning given in paragraph 2;\n“buy-out contributions” means contributions to buy out the standard reduction;\n“buy-out election” means an election under Chapter 1 of Part 4 of this Schedule;\n“buy-out value” means an amount determined or re-determined by the scheme manager in accordance with Part 4 of this Schedule;\n“contributions” means—\n(a)additional pension contributions;\n(b)faster accrual contributions; or\n(c)buy-out contributions;\n“contributions payment period”, for contributions paid monthly, means the period which—\n(a)begins on the start date; and\n(b)ends on the date on which the final monthly payment is due;\n“election” means—\n(a)an additional pension election;\n(b)a faster accrual election; or\n(c)a buy-out election;\n“faster accrual contributions” means contributions for a faster accrual rate;\n“faster accrual election” means an election under Chapter 1 of Part 3 of this Schedule;\n“faster accrual rate”, in relation to P's pensionable earnings, means 1/45th, 1/50th or 1/55th;\n“monthly payments”, in respect of an election, means contributions paid monthly;\n“overall amount” means the overall amount of extra pension as defined in paragraph 3;\n“refund period”, in relation to additional pension contributions, means the period ending one year after the start date;\n“start date”—\n(a)for contributions paid by lump sum, means the date on which the scheme manager receives the lump sum; and\n(b)for monthly payments, means the first day of the second month after the month in which the election is accepted.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/1",
    "retrieved_at": "2026-10-29T00:24:37.807691+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}