# Judicial Pensions Act 1981, Paragraph 7

Status: prospective

(1) Cash equivalents are to be calculated and verified in the prescribed manner.
(2) Regulations made under sub-paragraph (1) may, in particular, provide—
(a) that in calculating cash equivalents account shall be taken—
(i) of any surrender or forfeiture of the whole or part of a qualifying member’s pension which occurs before the Treasury does what is needed to comply with the choice made by him in exercising his option;
(ii) in a case where paragraph 6(6) applies, of the need to deduct an appropriate amount to provide a guaranteed minimum pension or give effect to protected rights; and
(b) that in prescribed circumstances a qualifying member’s cash equivalent shall be increased or reduced.
(3) Without prejudice to the generality of sub-paragraph (2), the circumstances that may be specified by virtue of paragraph (b) of that sub-paragraph include the length of time which elapses between the termination of a qualifying member’s qualifying service and his exercise of the option conferred by paragraph 6.

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Source: https://www.legislation.gov.uk/ukpga/1981/20/schedule/1A/paragraph/7 (the official version)
Page: https://openlegislation.uk/judicial-pensions-act-1981/schedule-1A/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.