{
  "url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-30",
  "json_url": "https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-30.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/30",
  "kind": "paragraph",
  "number": "30",
  "heading": "Making a buy-out election",
  "text": "(1) A buy-out election made by a member (P) must state the number of years in respect of which the standard reduction is to be bought out.\n(2) A buy-out election must be made by written notice to the scheme manager.\n(3) The notice of election must specify—\n(a) if P is in more than one eligible employment, the names of the employers in relation to P’s eligible employments;\n(b) P's name;\n(c) P's date of birth;\n(d) P's normal pension age;\n(e) the date on which P entered pensionable service;\n(f) P's annual rate of pensionable earnings for that employment.\n(4) The scheme manager may ask P to provide further information.",
  "extent": "E+W",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 para. 30(3)(a) substituted (1.4.2015) by The Teachers Pension Scheme (Amendment) Regulations 2015 (S.I. 2015/592), regs. 1, 4"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/30",
    "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."
}