# The Teachers' Pension Scheme Regulations 2014, Paragraph 47: Application for payment of benefits for pension credit members

Extent: E+W

(1) A pension credit member (P) with pension credit rights in this scheme and the existing scheme, who has not reached normal pension age under the existing scheme when P applies for payment of a pension credit retirement pension under this scheme will receive payment under the existing scheme of any benefits payable to P in respect of pensionable service under the existing scheme.
(2) If P applies for payment of a pension credit retirement pension after having reached normal pension age under the existing scheme, P may apply under this scheme for payment ... of a pension credit retirement pension in respect of pensionable service under—
(a) the existing scheme;
(b) this scheme; or
(c) the existing scheme and this scheme.

---
Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/3/paragraph/47 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-3/paragraph-47
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.