{
  "url": "https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-162",
  "json_url": "https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-162.json",
  "legislation": "ssi/2014/292",
  "legislation_title": "The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014",
  "legislation_url": "https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014",
  "path": "regulation/162",
  "kind": "regulation",
  "number": "162",
  "heading": "Commutation of part of pension",
  "text": "(1) The following members may apply to the scheme manager to receive a lump sum in place of part of a pension—\n(a) a member who is entitled to payment of a retirement pension;\n(b) a pension credit member who is entitled to payment of a pension credit retirement pension.\n(2) Paragraph (1)(b) only applies if—\n(a) the member’s pension credit is derived from rights attributable to the pensionable service of a pension debit member; and\n(b) a retirement pension does not become payable to the pension debit member before the transfer day in respect of that pensionable service.\n(3) An application under this regulation must—\n(a) be in writing;\n(b) be made when the member applies under regulation 159 for payment of the pension; and\n(c) specify the amount of the lump sum which the member wishes to receive.",
  "extent": "S",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Reg. 162 in force at 1.4.2015, see reg. 1(2)(b)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ssi/2014/292/regulation/162",
    "retrieved_at": "2026-10-28T21:33:09.984508+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}