# The Teachers' Pension Scheme Regulations 2014, Paragraph 32: Determination of the buy-out value


(1) The buy-out value is an amount determined by the scheme manager.
(2) If an additional pension election or a faster accrual election is subsequently made in respect of a person (P), the scheme manager may—
(a) re-determine the buy-out value; and
(b) send a written notice to P stating the re-determined buy-out value.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/32 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-32
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.