# The Teachers' Pension Scheme Regulations 2014, Paragraph 33: Determination of contributions payable


(1) The scheme manager must determine the amount of the monthly payments to be paid in respect of a buy-out election.
(2) The scheme manager—
(a) may determine the amount of the monthly payments by reference to the number of years stated in the buy-out election and the length of the contributions payment period; and
(b) may exercise the functions under this paragraph so as to re-determine the amount of the monthly payments during the contributions payment period.
(3) Unless the scheme manager re-determines the amount, monthly payments following a gap in service not exceeding 5 years are the same as before the gap.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/2/paragraph/33 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-2/paragraph-33
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.