# The Teachers' Pension Scheme Regulations 2014, Paragraph 31: Accepting a buy-out election


(1) The scheme manager may accept a buy-out election by giving written notice to the person who made the election (P).
(2) The notice must state the buy-out value.
(3) A buy-out election is accepted when P receives notice that the scheme manager has accepted the election.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/31 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-31
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.