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The Teachers’ Pension Scheme (Scotland) Regulations 2014

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Faster accrual election
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22.—(1) A member (P) may elect, in relation to pensionable service in an eligible employment, to pay contributions to accrue earned pension at a faster accrual rate in a financial year (“faster accrual election”).

(2) A faster accrual election must state the faster accrual rate which is to apply to P’s pensionable earnings in that employment for that financial year.

(3) A faster accrual election—

(a)must be made—

(i)in the financial year before the financial year to which it relates; or

(ii)if P is a new joiner, within one month after P enters pensionable service in relation to an employment;

(b)has effect from—

(i)the start of the financial year to which it relates; or

(ii)if P is a new joiner, one month after the election is received by the scheme manager; and

(c)ceases to have effect at the end of the financial year to which it relates unless it is revoked before then.

(4) When making a faster accrual election, P must be—

(a)in pensionable service; and

(b)under normal pension age.

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