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

PART 7 Benefits for pension credit members

CHAPTER 2 Pension credit retirement pension

Annual rate of pension credit retirement pension

153.  The annual rate of a pension credit retirement pension is found by—

(a) taking the amount of credited pension specified in the pension credit member’s account;

(b) applying the actuarial adjustment (if any) specified in the account in relation to that amount; and

(c) subtracting the commutation amount (if any) specified in that account in relation to that amount.