# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Regulation 84: Annual rate of age retirement pension

Extent: S

(1) This regulation applies if an active member or a deferred member (P) becomes entitled to payment of an age retirement pension.
(2) The annual rate of age retirement pension payable to P is found by—
(a) taking the amount of full retirement earned pension specified in P’s pensioner member’s account;
(b) applying the actuarial adjustment (if any) specified in that account in relation to that amount;
(c) subtracting the commutation amount (if any) specified in that account in relation to that amount;
(d) adding the amount of full retirement additional pension (if any) specified in that account; and
(e) subtracting the commutation amount (if any) specified in that account in relation to the sum of those amounts.

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Source: https://www.legislation.gov.uk/ssi/2014/292/regulation/84 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/regulation-84
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.