# The Teachers' Superannuation (Additional Voluntary Contributions) Regulations 1994, Regulation 14: Benefit limits


(1) The Schedule has effect for limiting the benefits that may be paid under these Regulations.
(2) The maximum annual rate of a retirement pension or dependant’s pension ascertained from the Schedule may be increased—
(a) by 3 per cent for each complete year that has elapsed, or
(b) if a greater increase results, in proportion to the increase in the Index that has occurred, since the date on which the pension became payable.

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Source: https://www.legislation.gov.uk/uksi/1994/2924/regulation/14 (the official version)
Page: https://openlegislation.uk/teachers-superannuation-additional-voluntary-contributions-regulations-1994/regulation-14
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.