# The Teachers' Pensions Regulations 2010, Regulation 33B: Payment under this Section


(1) A club transfer value may only be paid under this Section in respect of a person (P) if P satisfies the conditions in either paragraph (2) or (3).
(2) The conditions are that P—
(a) has left all pensionable employment under this scheme,
(b) makes a written application to the Secretary of State within 12 months from the date on which P becomes subject to another club scheme,
(c) meets the requirements for a club transfer from the receiving scheme, and
(d) has not reached the age of 75.
(3) The conditions are that P—
(a) has entered pensionable employment in a public service scheme for teachers established and maintained in the Channel Islands or the Isle of Man on or before 31st March 2015, after leaving this scheme, and makes a written application for a transfer value payment to the Secretary of State either—
(i) on or before the day on which P reaches the normal pension age, or
(ii) after the day on which P reaches the normal pension age, having entered pensionable employment—
(aa) on or before the day on which P reaches the normal pension age, and
(bb) immediately after the end of P's employment in this scheme service, and
(b) makes the application on or before 31st March 2017.

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Source: https://www.legislation.gov.uk/uksi/2010/990/regulation/33B (the official version)
Page: https://openlegislation.uk/teachers-pensions-regulations-2010/regulation-33B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.