# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 167: Amount of lump sum payable under regulation 165 instead of a pension credit retirement pension

Extent: S

(1) This regulation applies to a member (P) who applies under regulation 165 to receive a lump sum instead of a pension credit retirement pension.
(2) The amount of the lump sum payable to P is an amount equal to 5 times the annual rate of the pension credit retirement pension.

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Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/167 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-167
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.