The Teachers’ Pension Scheme (Scotland) Regulations 2014 No. 217

PART 4 Pension accounts

CHAPTER 7 Pensioner members’ accounts

SECTION 5 Interpretation

Meaning of “commutation amount”

72.  In these Regulations, “commutation amount”, in relation to any pension, means the amount of pension exchanged for a lump sum under regulation 162, 165, 166 or 168.