# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 153: Annual rate of pension credit retirement pension

Extent: S

The annual rate of a pension credit retirement pension is found by—
(a) taking the amount of credited pension specified in the pension credit member’s account;
(b) applying the actuarial adjustment (if any) specified in the account in relation to that amount; and
(c) subtracting the commutation amount (if any) specified in that account in relation to that amount.

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Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/153 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-153
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.