{
  "url": "https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-4/paragraph-8",
  "json_url": "https://openlegislation.uk/teachers-pensions-regulations-1997/schedule-4/paragraph-8.json",
  "legislation": "uksi/1997/3001",
  "legislation_title": "The Teachers' Pensions Regulations 1997",
  "legislation_url": "https://openlegislation.uk/teachers-pensions-regulations-1997",
  "path": "schedule/4/paragraph/8",
  "kind": "paragraph",
  "number": "8",
  "heading": null,
  "text": "(1) An election under this paragraph may be made when the person has been in full-time pensionable employment throughout the contribution period.\n(2) An election under this paragraph is an election to complete the payment of additional contributions (so that paragraph 2 of Schedule 7 shall apply) by making a lump sum payment which shall be determined in accordance with sub-paragraphs (3), (4) or (6) as the case may be.\n(3) Where he had not attained the age of 60 when he ceased to hold his employment, the amount of the payment is, subject to sub-paragraph (4) and to paragraph 3 of Schedule 3, the actuarial equivalent, when the employment ended, of the additional contributions that would have been payable for the remainder of the contribution period.\n(4) Subject to sub-paragraph (5) where—\n(a) when the person ceased to hold his employment he had become incapacitated and had not attained the age of 60, and\n(b) he would have attained that age before the end of the contribution period,\nthe amount of the payment is, subject to paragraph 3 of Schedule 3, the actuarial equivalent, when the employment ended, of the additional contributions that would have been payable after he attained that age.\n(5) Sub-paragraph (4) does not apply in a case where the declaration required by regulation C4(7)(d) was not made in good faith.\n(6) Where the person had attained the age of 60 when he ceased to hold his employment, the amount of the payment is, subject to paragraph 3 of Schedule 3,\nE×F, where—\nE is the amount of the additional contributions for one year at the rate at which they were last payable, and\nF is the multiplier ascertained from, or where the remainder of the contribution period is not an exact number of years, by extrapolation from, Table 2 below.\nTABLE 2\nYears remaining in contribution period\nMultiplier\n1\n0.989\n2\n1.956\n3\n2.902\n4\n3.827\n5\n4.732\n6\n5.617\n7\n6.482\n8\n7.328\n9\n8.156\n10\n8.965",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1997/3001/schedule/4/paragraph/8",
    "retrieved_at": "2026-10-29T11:40:26.186253+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}