# The Teachers' Pension Scheme Regulations 2014, Paragraph 3: Breach of employer cost cap margins


If the scheme actuary reports in a valuation report that the cost cap cost of the scheme, calculated following a valuation in accordance with Treasury directions, has gone beyond the margins specified in HM Treasury directions under section 12 of the Public Service Pensions Act 2013, paragraph 4 applies.

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Source: https://www.legislation.gov.uk/uksi/2014/512/schedule/4/paragraph/3 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-2014/schedule-4/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.