# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 160: Payment of pension

Extent: S

(1) This regulation applies to the payment of a pension.
(2) A pension is normally to be paid monthly, but—
(a) may, on the application of the person entitled to it, be paid quarterly; or
(b) may be paid in such instalments and at such intervals as the scheme manager may think appropriate.
(3) Where payment of any such sum is due in respect of a period which is less than the interval at which it is payable—
(a) the amount payable in respect of each complete month of the period shall be 1/12th of the annual rate of the sum; and
(b) the amount payable in respect of a period of less than 1 complete month shall be—
A 12 × B C
(4) In paragraph (3)(b)—
(a) A is the annual rate of the pension;
(b) B is the number of days in respect of which the benefit is payable; and
(c) C is the total number of days in the month in which the days in B fall.

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Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/160 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-160
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.