# The Teachers' Pensions Regulations 1997, Paragraph 5


Where—
(a) a transfer value is payable to the scheme managers of a personal pension scheme, and
(b) a right to a part cash equivalent was acquired,
the transfer value is to be calculated on the cash equivalent basis but as if the person’s pensionable employment had ended with 5th April 1988.

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Source: https://www.legislation.gov.uk/uksi/1997/3001/schedule/12/paragraph/5 (the official version)
Page: https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-12/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.