{
  "url": "https://openlegislation.uk/judicial-pensions-and-retirement-act-1993/schedule-2/paragraph-7",
  "json_url": "https://openlegislation.uk/judicial-pensions-and-retirement-act-1993/schedule-2/paragraph-7.json",
  "legislation": "ukpga/1993/8",
  "legislation_title": "Judicial Pensions and Retirement Act 1993",
  "legislation_url": "https://openlegislation.uk/judicial-pensions-and-retirement-act-1993",
  "path": "schedule/2/paragraph/7",
  "kind": "paragraph",
  "number": "7",
  "heading": null,
  "text": "(1) Cash equivalents are to be calculated and verified in the prescribed manner.\n(2) Regulations made under sub-paragraph (1) above may, in particular, provide—\n(a) that in calculating cash equivalents account shall be taken—\n(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;\n(ii) in a case where paragraph 6(6) above applies, of the need to deduct an appropriate amount to provide a guaranteed minimum pension or give effect to protected rights; and\n(b) that in prescribed circumstances a qualifying member’s cash equivalent shall be increased or reduced.\n(3) Without prejudice to the generality of sub-paragraph (2) above, 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 above.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in Sch. 2 para. 7(2)(a)(ii) omitted (N.I.) (6.4.2012) by virtue of The Pensions (2008 No. 2 Act) (Abolition of Protected Rights) (Consequential Provisions) Order (Northern Ireland) 2012 (S.R. 2012/124), arts. 1(b), 3(c)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/1993/8/schedule/2/paragraph/7",
    "retrieved_at": "2026-10-29T09:35:17.488604+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}