Regulation 80A Option to commute part of an equivalent amountF1

England and Wales

(1)

A member who becomes entitled to the immediate payment of an equivalent amount to the NFPS lower tier ill-health pension or to an equivalent amount to the 1992 Scheme lower tier ill-health pension may opt under this regulation to exchange part of the pension for a lump sum.

(2)

The option may only be exercised—

(a)

by written notice to the scheme manager which sets out the amount to be commuted; and

(b)

before the first payment of the equivalent amount to the NFPS lower tier ill-health pension or to an equivalent amount to the 1992 Scheme lower tier ill-health pension is made.

(3)

Where the person is entitled to the immediate payment of an equivalent amount to the NFPS lower tier ill-health pension and exercises the option to commute under this regulation, the lump sum is calculated—

(a)

in the case of a person who is a connected member of the NFPS, in accordance with paragraphs (2) and (4) of rule 9 (commutation: general) of Part 3 of the NFPS, and

(b)

in the case of a person who is a connected special member of the NFPS, in accordance with paragraphs (2A), (4) and (4A) of rule 9 of Part 3 of that scheme.

(F24)

Where the person is entitled to the immediate payment of an equivalent amount to the 1992 Scheme lower tier ill-health pension and exercises the option to commute under this regulation, the lump sum is calculated in accordance with rule B7 (commutation – general provision) of the 1992 Scheme.

Annotations

Textual amendments

F1: Reg. 80A inserted (1.4.2015) by The Firefighters' Pension Scheme (Wales) (Transitional and Consequential Provisions) Regulations 2015 (S.I. 2015/1016), reg. 1(2), Sch. 1 para. 5(f)
F2: Reg. 80A(4) inserted (with effect from 1.4.2015) by The Firefighters' Pension Scheme (Wales) (Amendment) Regulations 2018 (S.I. 2018/576), regs. 1(2)(3), 4