The Teachers’ Pension Scheme (Scotland) (No. 2) Regulations 2014 No. 292

PART 8 Payment of benefits

CHAPTER 3 Payment of lump sums

Amount of lump sum payable under regulation 162

163.  The amount of a lump sum payable under regulation 162 must—

(a) be a multiple of £12; and

(b) not exceed P’s permitted maximum.