# The Teachers' Pension Scheme Regulations 2014, Paragraph 27: Revoking a faster accrual election


(1) A member (P) may revoke a faster accrual election at any time before the end of the contributions payment period.
(2) A revocation must be by written notice to the scheme manager.
(3) A revocation has effect from the date it is received by the scheme manager (“date of revocation”).
(4) P is taken to revoke a faster accrual election if P leaves pensionable service in the employment to which the election relates before the end of the contributions payment period.
(5) If P revokes or is taken to revoke a faster accrual election and P is not entitled to be repaid the balance of contributions under regulation 189—
(a) P's monthly payments cease to be payable on the date of revocation; and
(b) P's active member's account (or if P has left all pensionable service, P's deferred member's account or pensioner member's account) must be credited with an amount determined by the scheme manager.
(6) If P revokes or is taken to revoke a faster accrual election and P is entitled to be repaid the balance of contributions under regulation 189—
(a) P's monthly payments cease to be payable on the date of revocation; and
(b) P's rights under this scheme are extinguished.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/27 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-27
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.