# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 119: Amount of grant

Extent: S

(1) The amount of a short-service serious ill-health grant is the greater of—
(a) 1/6th of the member’s annual rate of pensionable earnings as at the last day of pensionable service; and
(b) the total of the amounts specified in paragraph (2).
(2) The amounts are—
(a) all members’ contributions, additional pension contributions, buy-out contributions and faster accrual contributions paid up to the date of receipt of the application under regulation 159, except any paid in respect of a period of pensionable service for which a short-service serious ill-health grant has been paid; and
(b) interest on those contributions from the first day of the financial year following that in which they were paid to the date of payment at 3% per year, compounded with yearly rests.

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Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/119 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-119
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.