# The Teachers' Pensions Regulations 2010, Paragraph 8


Where a person has elected to receive phased retirement benefits the transfer value is calculated by reference to benefits other than those phased retirement benefits.

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Source: https://www.legislation.gov.uk/uksi/2010/990/schedule/6/paragraph/8 (the official version)
Page: https://openlegislation.uk/teachers-pensions-regulations-2010/schedule-6/paragraph-8
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.