# The Teachers' Pension Scheme Regulations 2014, Paragraph 3: Meaning of “overall amount of extra pension”

Extent: E+W

(1) The overall amount of extra pension is—
(a) £6,500 for any financial year ending before 1st April 2016; and
(b) for any financial year beginning on or after that date—
(i) an amount determined by the Treasury for that financial year; or
(ii) if the Treasury has not determined an amount for that financial year, the amount calculated under sub-paragraph (2).
(2) If the Treasury has not determined an amount under sub-paragraph (1)(b)(i) for any financial year, the overall amount for that financial year is the amount to which the annual rate of a pension of an amount equal to the overall amount for the previous financial year would have been increased under PIA 1971 rounded to the nearest £100, if—
(a) that pension were eligible to be so increased; and
(b) the beginning date for that pension were the first day of the previous financial year.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.