# The Teachers' Pensions Regulations 1997, Paragraph 1


A transfer value is calculated on the cash equivalent basis if it is calculated in the manner prescribed under section 97 of the 1993 Act for the calculation of cash equivalents.

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Source: https://www.legislation.gov.uk/uksi/1997/3001/schedule/12/paragraph/1 (the official version)
Page: https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-12/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.