Regulation 15 Payments of benefits to dual capacity membersI1
United Kingdom
(1)
This paragraph applies if the member is a dual capacity member.
(2)
The general rule is that—
(a)
benefits are payable to the member under this scheme as if the member were 2 or more members (so that 2 or more pensions or lump sums are payable in respect of the one member); and
(b)
the amounts payable are determined accordingly.
(3)
If a person who is a pension credit member is entitled to 2 or more pension credits—
(a)
benefits are payable to the person under this scheme as if the person were 2 or more persons, each being entitled to one of the pension credits (so that 2 or more pensions or lump sums are payable to the one pension credit member); and
(b)
the amounts of those benefits are determined accordingly.