# The Teachers' Pensions Regulations 2010, Regulation 34B: Payment under this Section


(1) A CUKS transfer value may only be paid under this Section in respect of a person (P) if either paragraph (2) or (3) applies.
(2) P makes an application for a CUKS transfer value payment on or before the day P reaches the normal pension age.
(3) (a) P makes an application for a CUKS transfer value after the day on which P reaches the normal pension age,
(b) P joined the comparable United Kingdom scheme—
(i) immediately after ceasing to be in pensionable employment, and
(ii) before reaching the normal pension age, and
(c) before P's application for a CUKS transfer value payment is received, P is not in receipt of—
(i) retirement benefits from the other comparable United Kingdom scheme,
(ii) a short-service serious ill-health grant, or
(iii) a short-service annuity.

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Source: https://www.legislation.gov.uk/uksi/2010/990/regulation/34B (the official version)
Page: https://openlegislation.uk/teachers-pensions-regulations-2010/regulation-34B
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.