# The Teachers' Pension Scheme Regulations (Northern Ireland) 2014, Regulation 170: Commutation amount


(1) Paragraph (2) applies for the purpose of calculating the annual rate of pension payable to a member (P) who receives a lump sum under regulation 168.
(2) The commutation amount is—
1 12 × a m o u n t o f t h a t l u m p s u m
(3) If a retirement pension commuted under regulation 168 ceases to be payable under regulation 97 or 114, the commutation amount for any retirement pension that subsequently becomes payable to P is an amount determined by the Department after consulting the scheme actuary.

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Source: https://www.legislation.gov.uk/nisr/2014/310/regulation/170 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-regulations-northern-ireland-2014/regulation-170
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.