# The Teachers' Pension Scheme Regulations 2014, Paragraph 30: Making a buy-out election

Extent: E+W

(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.
(2) A buy-out election must be made by written notice to the scheme manager.
(3) The notice of election must specify—
(a) if P is in more than one eligible employment, the names of the employers in relation to P’s eligible employments;
(b) P's name;
(c) P's date of birth;
(d) P's normal pension age;
(e) the date on which P entered pensionable service;
(f) P's annual rate of pensionable earnings for that employment.
(4) The scheme manager may ask P to provide further information.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/30 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-30
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.