# The Teachers’ Pension Scheme (Scotland) ( No. 2) Regulations 2014, Paragraph 29: When the standard reduction applies

Extent: S

(1) The standard reduction applies in respect of a member (P) to a maximum of 3 years from age 65 to P’s normal pension age (“the maximum”).
(2) If a retirement pension becomes payable to P on or after P reaches 65, the standard reduction applies to a proportion of the time left until P reaches normal pension age, as determined by the scheme manager.

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Source: https://www.legislation.gov.uk/ssi/2014/292/schedule/2/paragraph/29 (the official version)
Page: https://openlegislation.uk/teachers-pension-scheme-scotland-no-2-regulations-2014/schedule-2/paragraph-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.